Tender and contract slideshare

On completion of the work, it is checked as per drawings and specifications and if approved the amount is paid to the contractor. Embeds 0 No embeds. Information to be given in a tender notice See our Privacy Policy and User Agreement for details. Preparation of tender documents 2.

Framework Contracts - Time Line for International restricted. No interest is paid on SD. Further they have to demonstrate how their bid offers the best value for money. Substitution of new contract or novation. Tenders contract -arti 1. Published on Feb 24, Name of the department inviting tender 2.

Show More. Mair ad Lyons. Quality characteristics 2. If he fails to do so, a part or whole of the SD is forfeited by the department. Embed Size px. Layout plan, location of work 6. The application should contain the following documents

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Penalty conditions for slow progress and delay in the completion of work Actions Shares. Incase of refusal, this amount is forfeited. Standard quality of materials and good workmanship are not assured. Upcoming SlideShare.
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Joint venture tender In case of huge important projects the construction works can be categorised into different parts and each part can be given to a specialised contractor in that field. Are you sure you want to Yes No. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Schedule of quantities of work 5. In the second case, above, the piecework is cancelled as soon as regular contract is signed. Organizations will seek other businesses to respond to a particular need, such as the supply of goods and services, and will select an offer or tender that meets their needs and provides the best value for money.
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An agreement enforceable by law is a contract: an agreement not enforceable by law at the option of others is a voidable contract. Deed of pledge 12 Clipping is a handy way to collect important slides you want to go back to later. Index page — contents of the agreement with page references 3. Procedure for inviting tender:- 1. Legal capacity of the parties to make a valid contract. Tender usually refers to the process whereby governments invite bids for large projects that must be submitted within a finite deadline.
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All details, elevations etc. Cancel Save. Lump-sum tender In this system, the contractor undertakes the execution of a specific work for a definite lump-sum amount within a specified time period. Sometimes it is advertised. Layout plan, location of work3. Mistakes of the contractors can be checked and rectified.
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Percentage rate contract B1 system In this system the contractors are required to quote single percentage either higher or lower at which he wants to execute the job. Stay tuned for public tenders online, tenders on various sectors, government tenders, Procurement news etc. Here scrutiny of the tenders become easier and as cement and steel is usually supplied by the department chances of manipulation is less. Special conditions and detailed specifications of work in case of lump sum tender. This portal brings buyers and suppliers together for the first time and is the
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