Friday, January 1, 2010

Chapter 11: Tenders and fees payable by tenderers

Factories and warehouses: Chapter 11

Usually,tenders are prepared and issued to tenderers by Quantity Surveyor (QS).

Based on all the technical plans/drawings prepared and completed by the team of consultants, the QS works out the actual quantity of the project and compile "Bills of Quantity" (BQ).

Two types of the payments have to be paid by tenderers.i.e. Non-refundable tender document fee (NRDF) and Refundable tender deposit(RTD).The NRDF is for the purpose
defraying printing cost,whereas,the RTD is for the purpose of ensuring the tenderers
to submit a bona fide tender.RTD will be refuded to all the Non-successful tenderers upon award of tender to a successful tenderer.The RTD paid by the successful tenderer
will be kept by the QS for defraying the cost of Contract Documents.

Besides the NRDF and RTD, tenderers must also submit'Ernest Money' in the form of a Cashier's Order payable to the landowner.The purpose of the'Ernest Money'is to ensure
that the successful tenderer to commence work on the project.Once the project is started, the landowner will return the'Ernest Money'to the contractor.


Posted by:
Ir. C. M.Chong
Perunding Asatec
(Civil and Structural Engineering Consultant)
Dataran Prima, Petaling Jaya
Email:EgrChong@gmail.com

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