Construction Tendering Quiz
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
An estimates is the cost of all resources required to complete a project.
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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
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The following costs are the only costs that make up a tender amount: Cost of labour, materials, head office/company’s overhead and profit
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Negotiated tendering is when all interested contractors are invited to negotiated a tender with the client.
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Selective tendering is when a client invites one contractor of his interest to negotiated a tender/contract with him.
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Open tendering is when a client invites a shortlist of suitable contractors to tender for a project
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Procurement is only a phase in tendering processes which refers to the processes of acquiring construction project.
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Expression of interest (EOI) and Registration of Interest (ROI) have the same purpose.
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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.
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Tender amount is the client’s cost to complete a project.
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