Tender sum for construction contracts
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] Related articles on Designing Buildings Wiki
Featured articles and news
Enabling better infrastructure
Insights from New York.
A quick introduction to a very complicated subject.
CIOB suggests the economic reach of construction is double the official figures.
Center for Sustainable Landscapes
The first US building to achieve BREEAM Outstanding In-Use.
70 buildings from 70 years of Concrete Quarterly. Book review.
An early stressed-skin structure
Conserving the iron roof at the Albert Dock.
People, principles and performance
Delivering an infrastructure revolution.
The admissibility of evidence.
How many can you name? 37 anyone?
CIOB respond to the points-based system.
When is the weather considered 'exceptionally adverse'?