Q:

What is a tender document?

A:

A tender is usually publicly announced to suppliers for the needs of services or products. The tender document contains the necessary application papers and informs of additional information that the suppliers must deliver in order to apply for the tender and enter the selection process.

The tender document gives a detailed explanation of the deadlines, requirements, necessary information and criteria. In general it consists of the following documents: a cover letter, an invitation to tender, the form of the tender, the terms and conditions of the contract, a bill of quantities, the specifications, designs/drawings and/or plans, the quality requirements, the evaluation criteria and the tender return label. Depending on the type of the project and requested work, other additional documents vary. The applying suppliers must deliver the complete tender documentation by the deadline to be able to participate in the tender bidding process. The criteria upon which a supplier is usually chosen are the proposed prices and costs, delivery times and terms, availability and quality. Common practice has shown that applicants must pre-qualify before being given the tender documents.

Tenders are very common in large governmental or non-governmental organizations, schools, hospitals and universities. Organizations invite companies to bid for the job of the tender for the purposes of reconstruction work and equipment supplies before choosing the most acceptable offer.


Is this answer helpful?

Similar Questions

  • Q:

    What is a tender process?

    A:

    According to Winning Government Business, the tender process includes invites placed by institutions requesting certain goods or services and responses by suppliers to business bids. Institutions make invites for tenders by advertising them and the minimum requirements to win the tender. The process is competitive and open to many suppliers.

    Full Answer >
    Filed Under:
  • Q:

    What is a business plan?

    A:

    A business plan is a document that outlines a product, service or business concept and helps convince people of the value of the company providing them. A business plan is an essential tool used to communicate the vision of the proposed business.

    Full Answer >
    Filed Under:
  • Q:

    What is the difference between RFP and RFI?

    A:

    "A request for information, or RFI, is a document that a business organization sends to vendors to request for specific information or clarification on a service or product. On the other hand, a request for proposal, or RFP, is a document that a business organization sends to potential vendors to prompt for bids.

    Full Answer >
    Filed Under:
  • Q:

    What is a manufacturer's statement of origin?

    A:

    A manufacturer's statement of origin, otherwise known as a manufacturer's certificate of origin, is defined as a document that states in which country a product was manufactured. The consulate of the destination country is sometimes required to sign the manufacturer's statement or certificate of origin.

    Full Answer >
    Filed Under:

Explore