Last edited 03 Aug 2018

Tender sum for construction contracts

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The tender sum is the overall pricing figure proposed by a tendering contractor in accordance with the tender pricing document.

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.

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