A tender is a formal structured invitation to a building contractor for the supply of services and materials to construct you project.
We are able to tailor specific building tenders or work cost schedules which breakdown your building works into relevant sections which can then be priced by your preferred building contractor(s). This can be done for all types of works.
The benefits of obtaining a professional itemised tender are:
- more accurate quotes for your building works from contractors
- easier to analyse cost differences between quoting contractors
- an easier way to manage the project with your selected contractor should costs become an issue
- much easier way to control project costs and payments to your builder
The tender process can be based upon varying levels of information provided to your tendering builders. This can include:
- planning drawings;
- building control drawings with notes
- to a fully detailed scheme with specification
- bills of quantities.
The more information provided to the contractor at tender stage; the more accurate the quotations will be.
We would normally suggest that a builder or contractor should be allowed between 2 to 3 weeks to prepare their tender documents.
Once the invitation to tender has been issued, the contractors are all given a set date by which tenders should be returned. They are returned in sealed envelopes and all opened together with a witness present to ensure a fair process. Late tenders are refused.
It is generally known that a ‘contingency’ should be allowed for in any building contract whether large or small. The contingency is usually factored around 10% of the contract value and is put in place to cover unforeseen costs such as possible site constraints, inclement weather, increases in material prices, problems on site, and other scenarios which may be out of the contractor’s control. It is a fact that 80% of the time this contingency will be called upon so it is essential it is factored into the overall price.