Chapter 15. Competitive Tendering

  1. Richard Hill and
  2. George Solt

Published Online: 30 AUG 2010

DOI: 10.1002/9780470768570.ch15

Engineering Money: Financial Fundamentals for Engineers

Engineering Money: Financial Fundamentals for Engineers

How to Cite

Hill, R. and Solt, G. (2010) Competitive Tendering, in Engineering Money: Financial Fundamentals for Engineers, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9780470768570.ch15

Publication History

  1. Published Online: 30 AUG 2010
  2. Published Print: 1 SEP 2010

ISBN Information

Print ISBN: 9780470546017

Online ISBN: 9780470768570

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Keywords:

  • competitive tendering, purchaser issuing an enquiry for a project to a number of contractors;
  • competitive tendering, prepared and priced quickly - mistakes can and do happen;
  • purchasers without experience or expertise - to know which offer is the best, choosing lowest priced tenders, being quite wrong

Summary

This chapter contains sections titled:

  • Tendering

  • Problems

  • Not so Simple

  • Guarantees

  • A Better Way?

  • Summary