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Construction Tendering Quiz

A detailed infographic illustrating construction tendering processes with visual representations of different tender types and key components involved in cost estimation.

Construction Tendering Quiz

Test your knowledge on the intricacies of construction tendering processes! This quiz challenges you with 10 multiple-choice questions designed to assess your understanding of tendering concepts such as procurement, tender types, and cost estimation.

Are you ready to prove your expertise? Here are a few things you’ll learn:

Understanding different tendering methods
Key components of a tender amount
Differences between RFP and RFT

10 Questions2 MinutesCreated by EstimatingEagle42

An estimates is the cost of all resources required to complete a project.

When a decision to tender is made, a tenderer needs to estimate a programme for all activities need to be done in order to submit a tender. This programme includes time for: Site visits, preparation of method statement, completion of measurement (if any), completion of pricing, adjudication meeting and evaluation of tender

The following costs are the only costs that make up a tender amount: Cost of labour, materials, head office/company’s overhead and profit

Negotiated tendering is when all interested contractors are invited to negotiated a tender with the client.

Selective tendering is when a client invites one contractor of his interest to negotiated a tender/contract with him.

Open tendering is when a client invites a shortlist of suitable contractors to tender for a project

Procurement is only a phase in tendering processes which refers to the processes of acquiring construction project.

Expression of interest (EOI) and Registration of Interest (ROI) have the same purpose.

Request for Proposal (RFP) requires a contractor to submit a solution on how client’s need are going to be met while in Request for Tender (RFT), a contractor is given defined criteria and specifications (what and how) of the project and only required to provide an offer to do the job.

Tender amount is the client’s cost to complete a project.

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