Procurement and Tendering Flashcards
What is the difference between procurement and tendering?
Procurement is the overall process of obtaining goods and services and the strategy on how these will be acquired.
Tendering is a specific part of the procurement process where tenderers are invited to bid for the works.
What are the main procurement routes?
Traditional
Design and Build
Management Contracting
Construction Management
What are the different tendering strategies available?
Single stage - tender docs issued to multiple tenderers to bid for the works.
Two stage - tender docs issued based on outline design and tenderers bid to be preferred contractor and enter into PCSA to develop design further and enter into contract.
Negotiated - client directly invites single contractor to submit a tender for the works.
