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Tender calling procedure

Tender calling procedure

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Tender calling procedure

  1. 1. TENDER CALLING PROCEDURE By :- SHOURYA PURI SHASHVAT GUPTA SHIVANI ARORA 7SEM RPOFESSIONAL PRACTISE  AMITY SCHOOL OF ARCHITECTURE AND PLANNING
  2. 2.      TENDER CALLING • Call for Tender” is the process by which a  company(Private or government) invites potential  suppliers to submit offers for the execution of a contract. • In simple words, Tendering calling procedure (or call for  tenders) means that a public-sector organisation  announces publicly that it wishes to have a contract  executed. 2
  3. 3.  TENDER CALLING • The commissioning authority asks companies to  submit a tender. •  Tendering procedures take place in 3 stages: 1)The announcement stage; 2)The tendering stage; 3)The award stage.   3
  4. 4. TENDER CALLING 4
  5. 5. TENDERING • Make a formal written offer to carry out work, supply goods, or buy land, shares, or another asset for a stated fixed price. • Tendering is the process of making an offer, bid or proposal, or expressing interest in response to an invitation or request for tender 5 TYPES OF TENDER METHODS • A call for bids, call for tenders, or invitation to tender is a special procedure for generating competing offers from different bidders looking to obtain an award of business activity in works, supply, or service contracts.
  6. 6. TYPES DETAILED TENDER NOTICE • OPEN Tender • SELECT Tender • MULTI STAGE Tender • INVITED Tender 6 Tender No. & Date Nature of Work Minor Economics Genuine Security Deposit How to Pay Total Duration Time to Apply! Time to Hurry! Various Details & Links Address Of Issuer
  7. 7. "A call for tenders involves a party’s (often referred to as the owner) requesting the submission of bids to complete a particular project. "Where the parties intend to initiate contractual relations, a submission in response to a call for tenders can lead to the formation of Contract A. The call for tenders is the offer by the owner to consider the bids it receives and to enter into the contract to complete the project where a bid is accepted. A bidder accepts that offer by submitting a bid that complies with the requirements set out in the tender documents. 7 CALLING OF TENDERS Newspaper Invitations
  8. 8. AWARD STAGE • Contract awarding is the method used during a procurement in order to evaluate the proposals (tender offers) taking part and award the relevant contract. • Usually at this stage the eligibility of the proposals has been concluded. So it remains to choose the most preferable among the proposed. • There are several different methods for this, which are obviously related to the proposition method asked by the procurement management. 8
  9. 9. Pre-Qualification • The success of a project largely depends on the capability of the contractor/vendor. • Pre-qualification is a process to select competent contractors having technical and financial capability commensurate with the requirements of the particular procurement (Project / supply of goods/ hiring of services). • The pre-requisites of pre-qualification process are :- 1)Transparency 2)Fairness 3)Maintenance of competition 9
  10. 10. SECURITY DEPOSIT • . Security deposits can be either refundable or non-refundable, depending on the terms of the transaction. • deposit is intended as a measure of security for the recipient. • Registered contractors are usually required to furnish a bond for a stipulated sum as security or earnest money deposit to be adjusted against work done, normally in the form of Bank Guarantee or Surety. 10
  11. 11. EARNEST MONEY • Earnest money is a deposit made to a seller showing the buyer's good faith in a transaction. • Often used in real estate transactions, earnest money allows the buyer additional time when seeking financing. 11
  12. 12. • THANK YOU 12

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