Tender pricing document
The tender pricing document sets out the way in which the design team and client wish to review the breakdown of the overall tender prices provided by tendering contractors. It is effectively an unpriced bill of quantities.
It generally follows the format of the cost plan that has been developed at this stage (the pre-tender estimate), however, the preliminaries, particularly staff costs, may be broken down in more detail.
The objective of the tender pricing document is to:
- Enable like for like comparison between tenders and the cost plan (pre-tender estimate).
- Enable the cost consultant to assess where value lies within the different tenders (such as foundations or finishes) allowing assessment of value for money.
- Identify any significant differences in pricing between tenderers to ensure the design has been correctly interpreted.
- Identify areas of savings that might be negotiated with tenderers while still in competition.
- Form the financial basis of the tender report.
 Related articles on Designing Buildings Wiki
- Approximate quantities cost plan.
- Bills of quantities.
- Business plan.
- Cash flow.
- Common arrangement of work sections.
- Contract sum.
- Contract sum analysis.
- Cost consultant.
- Cost plan.
- Elemental cost plan.
- Initial cost appraisals.
- New Rules of Measurement.
- Pre-tender estimate.
- Tender documentation.
- Whole-life costs.
Featured articles and news
We've analysed 6 million pieces of data to reveal that the knowledge framework underpinning the construction industry is no longer fit for purpose.
ICE examine just how close we are to providing subsidy-free low carbon electricity.
Have a look at MAD Architects' design proposal for renovating Montparnasse Tower into a concave mirror.
This article examines the legal issues behind off-site goods and materials.
Read about how technology is changing the real estate industry.
BRE Global introduce the first registration scheme for Suitably Qualified Security Specialists.
An introductory article to the different types of building foundations.
This unique Brutalist-era car park just off Oxford Street is soon to be demolished.
How to utilise technology in construction projects and what benefits will it bring?
Have a look at Thomas Heatherwick's new building, one he calls 'the tubiest in the world'.
Artificial intelligence will have a significant impact on the built environment, according to a new survey by ICE.
Construction is often seen as too traditional, lacking innovation and collaboration. But are these perceptions fair?