Lecture 8. No Surprises..., Kiwi Design Build! Flashcards
What does SIA stand for?
Selection on intent and ability
What does RFT stand for?
Request for tender
What does SQP stand for?
Supply Quality Premium
What does TCA stand for?
Tangible Cost Adjustment
What is the 2 step tender process?
- Evaluation of their non-price attributes (SQP, TCA)
2. Price evaluation
What is SQP?
Resources, track record, methodology, relevant experience, management skills and technical skills.
What is TCA?
What does the agency have to pay if they negotiate it towards the preferred standard.
What does PS stand for?
Procedure Statement.
Key points of bidding:
Successful bidder uses innovation to increase the value of bid.
Lowest evaluation bid is preferred supplier.
Specimen design + additions where value can be added is most competitive.