What is a Feasibility Tender?
When a developer such as a private company or government body wishes to initiate a project, they will call for Tenders from companies who believe they can carry out the required works. Tenders may be advertised through the press or other media, or may only be offed to a few chosen companies (a select tender).
A tender may be for any or all project phases including a feasibility study, detailed design, construction, management services as well as operation and maintenance services. Though it is ultimately defined by the client, a tender document typically includes:
Once all tenders have been submitted the client will usually compare them both qualitatively and quantitatively to select the best tender based upon their own criteria. Generally, these criteria will include price, inclusions/exclusions, experience, choice of sub-contractors and management documentation.
A tender may be for any or all project phases including a feasibility study, detailed design, construction, management services as well as operation and maintenance services. Though it is ultimately defined by the client, a tender document typically includes:
- A demonstration of the capacity of the tendering company to complete the task as required (Capability Statement)
- Management strategies, procedures, reporting and documentation that will be used in the project (Management Documents)
- The scope of works to be undertaken by the company for the client (Scope of Works)
- Any issues, clearly defined, that the company believes need to be resolved before works can commence (Scope of Works)
- A price for the scope of works as defined by the company (Tender Price)
Once all tenders have been submitted the client will usually compare them both qualitatively and quantitatively to select the best tender based upon their own criteria. Generally, these criteria will include price, inclusions/exclusions, experience, choice of sub-contractors and management documentation.
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