Procurement & Tendering Flashcards
What is the difference between Procurement & Tendering?
Procurement is the overall act of obtaining goods and services from an external source and includes deciding on the strategy by reviewing the clients requirements and attitudes to time, cost, quality and risk
Tendering is a phase in the procurement that includes obtaining a price for the works and appointing the contractor
What is Procurement?
“Procurement is the overall act of obtaining goods
and services from external sources (i.e. a building
contractor) and includes deciding the strategy on
how those goods are to be acquired by reviewing
the client’s requirements (i.e. time, quality and
cost) and their attitude to risk.”
RICS - Tendering Strategies
What is Tendering?
Tendering is an important phase in the
procurement strategy but procurement involves
much more than obtaining a price.
Tendering is:
• the bidding process, to obtain a price; and
• how a contractor is actually appointed
What was included in the Tender Recommendation Report you prepared?
1 - Executive 2 - Procurement route and basis of Tender 3 - Tender information Received 4 - Post Tender Adjustments 5 - Cost Options 6 - Value Engineering Oppurtunities 7 - Conclusion and Recommendation
Appendices
A - Record of Tender Opening
What is a Form of Tender?
The form of tender is prepared by the client or their consultants and completed and signed by the tenderer. It is a formal acknowledgement that the tenderer understands and accepts the terms of conditions of the tender documents and any other requirements that are stipulated.
What is a certificate of a bona fide tender
Declaration of non-collusion
The declaration may require that the tenderer confirms that: Their tender is bona fide. They have not colluded with any other party to fix or adjust the tender price.
