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Top 10 Best Cars in the World

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What do you understand by a tender? What are the aspects which should be covered by a tender? Explain briefly the contents of a tender document.

  Tender means the document(s) submitted by the Contractor to the Authority in response to the Authority’s invitation to suppliers for formal offers to supply it with the Services. Or Tendering is the process by which bids are invited from interested contractors to carry out specific packages of construction work. It should adopt and observe the key values of fairness, clarity, simplicity and accountability, as well as reinforce the idea that the apportionment of risk to the party best placed to assess and manage it is fundamental to the success of a project.   Important Sections that should be covered in a Tender Document: ΓΌ Conditions for Participation:   This section is meant to outline the most important conditions that a supplier must meet in order to be considered by the client. Important documents and records proving the supplier’s eligibility for the project might be included here. The availability of financial records , relevant licenses, insurance docum...