Which among the following item is not included in tender notice for a ...
Items included in Tender notice are:
i) Description of work
ii) Estimated cost of work
iii) Date and Time of the tender
iv) Amount of Earnest money
v) Security money
vi) Time of completion
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Which among the following item is not included in tender notice for a ...
Introduction:
A tender notice is an official document that is issued by the project owner or the client to invite contractors or suppliers to submit their bids for a specific project. It provides all the necessary information about the project and the tendering process. The tender notice typically includes various details, but one of the options listed is not included in it.
Explanation:
The correct answer is option 'D' - None of these. This means that all the options mentioned in the question are usually included in a tender notice. Let's discuss each option in detail:
1. Estimated cost of work: The estimated cost of work is an essential component of a tender notice. It provides potential bidders with an idea of the project's scale and helps them determine if they are capable of completing the work within the specified budget. It also allows contractors to assess the profitability and feasibility of participating in the tender.
2. Date and Time of tender: The date and time of the tender are crucial pieces of information included in the tender notice. It specifies the deadline for submitting the bids and the time when the tender opening will take place. This ensures transparency and provides all interested parties with equal opportunities to participate.
3. Earnest money: The tender notice often requires bidders to submit earnest money along with their bids as a security deposit. This is to ensure that only serious and genuine bidders participate in the tendering process. The amount of earnest money is usually a small percentage of the estimated project cost and is refundable to unsuccessful bidders.
Therefore, all the options mentioned in the question, including the estimated cost of work, date and time of tender, and earnest money, are typically included in a tender notice.