Reason is some companies are new to the industry & A some are really old to the Industry. Because they want to cognize how much they can swear that company. Information of the company is really of import when the clients are giving the stamps. Regular updating is necessary 2.1 Factors which used by client to explicate the choice list 2.1.1 Information of the company New houses can non come in in to the market Less rating clip Disadvantages of Selective stamp Negociate the rates with the contractor for 2nd clip Advantages of Selective stamp Pre select the contractor ( a simple BOQ ) Single phase for competition, dual phase for competition plus early start of work at site.Ĭontractor ‘s experience/ practical cognition is utile at the design phase ( competition ) Two phase selective tendering Short list the contractors who are considered suited to make the work & A approved list is maintained by the client. Two phase selective tendering One phase selective tenderingĬlient advertise for contractor to use for short listing In selective tendering there can be two phases, In selective tendering short listing can be done by, It means the client selects the contractor from limited list & A invitation to stamp is made by client to the contractor by a missive. High rating clip ( because we have to look into all the paperss )Ī procedure of competitory tendering for award of the contract for building whereby the proprietor selects the builders who are invited to tender to the exclusion of others, as in the procedure of unfastened tendering. High sum cost for stamp ( antique: electricity, conveyance ) Unknown houses can come in into the markets Inexperienced houses can come in into the market Selected contractor might non accommodate the undertaking ( antique: no experience ) Increased employment chances ( new houses comes )Ĭontractors get new client Disadvantages of unfastened tendering High competition in pricing ( client will take good award )
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