Preferred tenderer - Revision history

Designing Buildings at 06:58, 24 February 2022

2022-02-24T06:58:15Z

← Older revision		Revision as of 06:58, 24 February 2022
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	For more information see: Tenderer.		For more information see: Tenderer.

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	= Related articles on Designing Buildings =

	* Competitive tender.		* Competitive tender.
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	* Invitation to tender.		* Invitation to tender.
	* Mid-tender interview.		* Mid-tender interview.
		+	* Preferred supplier.
	* Pre-tender interview.		* Pre-tender interview.
	* Pre-qualification questionnaire.		* Pre-qualification questionnaire.

Designing Buildings at 07:46, 29 January 2021

2021-01-29T07:46:18Z

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	* Two-stage tender		* Two-stage tender

−	[[Category:Contracts_/_payment]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Contracts_/_payment]] [[Category:Procurement]]

Designing Buildings at 12:27, 24 February 2020

2020-02-24T12:27:33Z

← Older revision		Revision as of 12:27, 24 February 2020
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−	~~= Outline =~~	+	A preferred tenderer is a prospective supplier who has been chosen on a provisional basis by a client as the party to carry out works or supply goods or services. Their selection is conditional upon the outcome of further negotiations after which the appointment may be confirmed.

−	~~A preferred tenderer is~~ a prospective ~~supplier who has been chosen on a provisional basis by a client~~ and its ~~design team as~~ the ~~party~~ to ~~carry out~~ the project ~~work~~ based on the ~~tender supplied. It is provisional and conditional on the outcome~~ of further ~~negotiations after which~~ the ~~appointment will be confirmed~~.	+	Following an Invitation to Tender (ITT) in a traditional, single-stage process, prospective suppliers prepare and submit their tenders. From these, the client (perhaps acting on the recommendations of its consultants) selects the tenderer with the best potential suited to the particular project. This will be based on what the design team feels most closely meets its client’s expectations in terms of price, construction methodology, past work and their available labour resource. In addition to comparing tenders, interviews may be set up to garner further information from the applicants prior to reaching a decision.

−	= The ~~process =~~	+	The supplier eventually chosen by this method is called the ‘preferred tenderer’. They are called ‘preferred’ because at this stage it is not certain that they will be appointed to the project. Preferred tenderers usually have to enter into further negotiations with the client and their advisors regarding price, timescales, contract terms and so on; only if successful at this stage will they be confirmed to the project and a contract signed.

−	Following an Invitation to Tender (ITT) in a traditional, single-stage process, prospective suppliers prepare and submit their tenders. From these, the client will act on the recommendations of its design team to select the tenderer with the best potential suited to the particular project. This will be based on what the design team feels most closely meets its client’s expectations in terms of price, construction methodology, past work and their available labour resource. In addition to comparing tenders, interviews may be set up to garner further information ~~from the applicants prior to reaching a decision.~~	+	For more information see: Tenderer.
−		+
−	The supplier eventually chosen by this method is called the ‘preferred tenderer’. They are called ‘preferred’ because even at this stage it is by no means certain that they will be appointed to the project: ~~preferred tenderers usually have to enter into further negotiations with the client and the design team; only if successful at this stage will they be confirmed to the project~~.	+

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Editor: Created page with "= Outline = A preferred tenderer is a prospective supplier who has been chosen on a provisional basis by a client and its design team as the party to carry out the project work ..."

2019-07-01T17:26:11Z

Created page with "= Outline = A preferred tenderer is a prospective supplier who has been chosen on a provisional basis by a client and its design team as the party to carry out the project work ..."

New page

= Outline =

A preferred tenderer is a prospective supplier who has been chosen on a provisional basis by a client and its design team as the party to carry out the project work based on the tender supplied. It is provisional and conditional on the outcome of further negotiations after which the appointment will be confirmed.

= The process =

Following an Invitation to Tender (ITT) in a traditional, single-stage process, prospective suppliers prepare and submit their tenders. From these, the client will act on the recommendations of its design team to select the tenderer with the best potential suited to the particular project. This will be based on what the design team feels most closely meets its client’s expectations in terms of price, construction methodology, past work and their available labour resource. In addition to comparing tenders, interviews may be set up to garner further information from the applicants prior to reaching a decision.

The supplier eventually chosen by this method is called the ‘preferred tenderer’. They are called ‘preferred’ because even at this stage it is by no means certain that they will be appointed to the project: preferred tenderers usually have to enter into further negotiations with the client and the design team; only if successful at this stage will they be confirmed to the project.

= Related articles on Designing Buildings Wiki =

* Competitive tender.
* Due diligence.
* Due diligence when selecting contractors or subcontractors.
* Invitation to tender.
* Mid-tender interview.
* Pre-tender interview.
* Pre-qualification questionnaire.
* Procurement
* Tender
* Tender documents
* Two-stage tender

[[Category:Contracts_/_payment]] [[Category:Procurement]]