Last edited 09 Oct 2015

Tender sum for construction contracts

To help develop this article, click 'Edit this article'.

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.

[edit] Find out more

Have a look at some of the most impressive concert stage designs of all time, including Pink Floyd, U2, Rolling Stones, and more...

What is the Home Quality Mark? Find out how it can help you when buying/renting a new home.

Business Secretary launches £246m Faraday Challenge to establish UK as world leader in battery technology.

Government announces new plans for regulations to improve safety and security awareness of drone users.

Read our introductory article to the various different types of fuel.

IHBC book review: Charles Barry’s monumental struggle to rebuild the Houses of Parliament.

Read about RSHP's British Museum extension which has been shortlisted for the 2017 Stirling Prize.

Read our introductory article to building a house extension.

More updates from DCMS about the large-scale testing of cladding systems and the number of buildings affected.

UandI secure resolution to grant planning consent for major new regeneration project.

IHBC article considers how heritage is dealt with when infrastructure schemes are authorised.

It was the tallest structure in the world for 3,800 years, but to this day the exact construction techniques are a mystery.

Shortlist for the industry's most coveted award announced.