Apr 17, 2018 - A tender is, in essence, a type of transaction model used by large organizations, government bodies, companies and NGOs in order to find.
Serial Tendering By Kyle Levett What is it? Serial tendering generally involves the preparation of tenders based on a typical or notional bill of quantities or schedule of works. The rates submitted can then be used to value works over a series of similar projects, often for a fixed period of time following which the tender procedure may be repeated. Serial tendering may used where the client has a regular programme of works that they would like to be undertaken by a single contractor, often minor works, repetitive works (such as housing) or maintenance work. Appointment is based on an agreed schedule of rates related to the categories of work that are likely to form part of the programme. The tender documents will generally define the buildings that will be covered by the works, the term over which works may be required (often between one and five years), an estimate of the likely total value of the works that will be required over the term and an estimate of the likely size of individual orders. When individual works are required, the client issues an instruction (or order) to the contractor which may include a written description of the works, drawings if appropriate and a valuation agreed by the client and contractor.
Advantages Serial tendering can reduce tender costs, and may encourage suppliers to submit low rates to secure an ongoing programme of work. Disadvantages However, it may be seen as anti-competitive and exclusive. It can be argued that it both encourages innovation (by giving contractors the confidence to invest in continuous improvement) and discourages investment (by preventing other contractors from submitting alternative proposals).