![]() ![]() The client can choose the option to make the tendering a two-stage tendering and/or if it should be a sealed bid action.Īll these decisions and in overall the choice of competitive tendering as the procurement has both advantages and disadvantages. ![]() The second thing to consider is whether the bidding should be open to everyone, based on a tender list or based on a background of prequalification. The first to consider is whether the selection criteria should be based on lowest price or best value. There are different things for the client to consider when making a tender. From the respond the client can then choose the most suitable contractor or supplier. This leads to the lemon problem which attends the problem regarding asymmetry of information.Ĭompetitive tendering is a way to form the project coalition by making a set of codified documents that suppliers can make a bid on to offer their construction services. Procurement is important because of the principal/agent problem where the client has to choose those who are appropriate, competent and trustworthy. This article is about competitive tendering which is the most commonly way for a client to procure construction services. You can view and copy the source of this page: The action you have requested is limited to users in one of the groups: Administrators, emailconfirmed.
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