![]() ![]() In this tendering method, the client is openly inviting bids for a particular project from any prospective bidder without applying any restriction. You can download the Types of Tendering – Diagram as a PDF. Read: Tendering Process in The Construction Industry. The company has a good track record of construction industry relations.The company should have a reputation for working in good quality and efficiency.The size of the project has to be under the company price range.The company should be financially stable.The business record of the Company has to be good. ![]() What should be considered when finding a better-contacting company? Contract organizations are doing their projects in a specific size or price range and are not going to bid outside that range. Therefore, We have to select a suitable contractor considering the nature of the job. A wrong decision can cause the client to be dissatisfied, the contractor to go bankrupt, and both parties to be unhappy. It is important to select a contractor to execute a construction project. Not only the government but most of the private sector investors or clients are also like to use tendering considering the many advantages of it. Thus for the selection of government-related aspects, the tendering is a must. When making a selection through accountability & the transparency of the selection procedure is high. There are many types of tendering that serve any kind of aspect. irrespective of whether it is too large or too small tendering can be applicable. Types of tendering can be used for any project, obtain of services, goods or material, etc. Therefore, types of tendering are used to choose the most suitable contractor for the project. Tendering is the process of obtaining valid offers from the prospective tenderers and evaluate & selecting the successful bidder to award the contract. 2.5 Nominated Tendering What are The Types of Tendering? ![]()
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