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.
The completed tender pricing document is effectively a priced bill of quantities. It sets out the tenderer's rates, costs and totals and constitutes the tenderer's complete offer.
NB: On design and build projects, there may not be a tender pricing document, and instead, a contract sum analysis might be prepared by the contractor.
See also: Tender price appraisal.
[edit] Related articles on Designing Buildings
- Accounting.
- Approximate quantities cost plan.
- Bills of quantities.
- Cash flow.
- Contract sum.
- Contract sum analysis.
- Cost consultant.
- Cost plan.
- Elemental cost plan.
- Initial cost appraisals.
- New Rules of Measurement.
- Pre-tender estimate.
- Spon's Price Book.
- Tender cost.
- Tender documentation.
- Tender price appraisal.
- Types of bill of quantities.
- Without quantities.
Featured articles and news
Shading for housing, a design guide
A look back at embedding a new culture of shading.
The Architectural Technology Awards
The AT Awards 2025 are open for entries!
ECA Blueprint for Electrification
The 'mosaic of interconnected challenges' and how to deliver the UK’s Transition to Clean Power.
Grenfell Tower Principal Contractor Award notice
Tower repair and maintenance contractor announced as demolition contractor.
Passivhaus social homes benefit from heat pump service
Sixteen new homes designed and built to achieve Passivhaus constructed in Dumfries & Galloway.
CABE Publishes Results of 2025 Building Control Survey
Concern over lack of understanding of how roles have changed since the introduction of the BSA 2022.
British Architectural Sculpture 1851-1951
A rich heritage of decorative and figurative sculpture. Book review.
A programme to tackle the lack of diversity.
Independent Building Control review panel
Five members of the newly established, Grenfell Tower Inquiry recommended, panel appointed.
Welsh Recharging Electrical Skills Charter progresses
ECA progressing on the ‘asks’ of the Recharging Electrical Skills Charter at the Senedd in Wales.
A brief history from 1890s to 2020s.
CIOB and CORBON combine forces
To elevate professional standards in Nigeria’s construction industry.
Amendment to the GB Energy Bill welcomed by ECA
Move prevents nationally-owned energy company from investing in solar panels produced by modern slavery.
Gregor Harvie argues that AI is state-sanctioned theft of IP.
Experimental AI housing target help for councils
Experimental AI could help councils meet housing targets by digitising records.
BSRIA Occupant Wellbeing survey BOW
Occupant satisfaction and wellbeing tool inc. physical environment, indoor facilities, functionality and accessibility.
Comments