Open tendering being the method with usually the most tenderers,cost of tendering is generally higher.

Tender is used in many areas other than construction and may differ depending on what kind of tender.

In this case the tender document is submitted by contractors or also known as tenderers that wish to participate in a tender invitation.

The tender process is also taken into account the procurement method which is selected by the employer after discussion with the consultants.

The tendering methods chosen can affect the outcome of the project even if by a small degree.

There are 3 common categories people look into which are cost,quality and time.

There 3 categories will be the main factors of which tendering method is best suited for the situation.

The three more common tendering methods are open tendering, selective tendering and negotiated tendering.

Open Tendering Open tendering is the most common amongst the three methods as it is basically a free-for-all method for any contractors interested to tender for the job.

It starts with an advertisement being published publicly via newspapers,websites and various other mediums.

The advertisement contains information such as type of job, location of site, location of collection, closing date of tender, document fee and tender deposit.

The tender documents are then printed to suit the number of participants which can be quite difficult to predict as it tends to vary from project to project.

Upon collection of the tender document the contractor will have to fill up the rates of all the materials required for the construction project.

After the price has been determined, the completed tender document shall be submitted to the employer at the appointed location together with a tender deposit stated in the advert.

The employer together with 1 or 2 consultants will open and record all the tender documents submitted.

Out of all the tender documents submitted only one contractor will get the job, so the employers has to make a decision on which contractor should get the job.

It is the consultants job to evaluate each individual tender and come out with a report which shows the recommended choice of tender.

The employer usually follows the recommendations given by the consultants however he is not obliged to follow the recommendations.

When the decision is made, the successfultender will meet the employer and consultants for further negotiation of price.

Once the price has been set, the contract document is produced by the consultants and distributed to all the parties involved in the project including the newly appointed contractor.

Open tenders also provide a larger variety of options to choose from which doesnt limit the composition of the project.

No favouritism Every participant has an equal chance of getting the project and is not bias to any single tenderer.

Highly competitive Forces the contractors to submit competitive prices to obtain the project.

This can prove to be advantageous for the employer in getting value for money.

Advantages Of Serial Tendering