Risk or danger that a firm inexperienced in preparing tenders may submit the lowest tender, that can cause problems in project execution.An opportunity is provided for any capable firm.Can get the maximum benefit from competition.Usually a deposit is required to discourage irresponsible applicants, the deposit being returnable on the submission of the tender. Initiated by client’s architect/ quantity surveyor advertising in newspapers and/or inviting contractors to apply for tender documents and to tender in competition for carrying out the work. There are three principal methods for choosing a contractor: Contractor’s reputation for good quality workmanship and efficient organization.The size of project is neither too small nor too large for that company size.Contractor should be financially stable / and has a good business record. Therefore it is recommended that client’s professional advisers should find a reputed and renowned contracting company.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |