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
Creating comfortable climates despite extreme temperatures.
Can flexwork apply to engineering services?
Study examines how adjustable arrangements can succeed.
Government announces plans to improve accessibility.
CLC publishes dispute resolution guidance
Resource addresses pandemic-related NEC4 contract issues.
Incorporating EDI into the provision of fair access.
Government announces global innovation strategy.
An architectural biography. Book review.
Restoring Orleans House Octagon
The house where the future king of France lived.
The teacher, architectural technologist and mum offers her insights.
Cable management materials shortage
Careful planning needed as supply chain issues continue.
The sensitive conversion of a neglected Cornwall structure.
Plan stresses local involvement in city, town and village development.