Chap 6 Flashcards
1
Q
What is Tender?
A
- tender is a submission
made by a contractor in
response to an invitation
to tender - makes an offer for the supply of goods or services.
2
Q
Before signing any documents, the set of documents to be agreed on is known as
A
Tender Documents
3
Q
what are tender documents are prepared to?
A
Seek offers
4
Q
What do Tender Documents describe?
A
- Scope of the works
- Conditions under which they are to be executed
5
Q
Purpose of Tender Documents:
A
- Describe scope of works
- Describe liabilities & responsibilities of client and contractor
- Provide a vehicle for pricing and for price comparison
- Provide a means of valuing the work done and of pricing variations
- Provide some assurance to the client of satisfactory completion
6
Q
tender docs will eventually be incorporated in the….
A
Contract Document
7
Q
Purpose of Contract Documents:
A
- Describe scope of works agreed by both the contracting parties
- Define obligations and rights on how to execute the work
- Define means of valuing the work done and of pricing variations for payment purposes
- Provide assurance to client of satisfactory completion via work/project schedules
- Provide the insurance coverage and guarantee that contractor has the means & economic
backup to perform the work
8
Q
Common Clauses
A
- Definitions
- Evaluations Criteria
- Eligibility
- Submission of Tender
- Compliance with instructions
- Validity Period
- Withdrawal & Acceptance of Tender
- Copies of Tender
- Ownership of Tender documents
- and more
9
Q
2 sectors in conditions of a contract
A
- Public Sector
- Private Sector
10
Q
Public Sector types
A
- Public Sector Standard
Condition of Contract (PSSCOC) - Joint Contracts Tribunal (JCT)
- Institution of Civil Engineer (ICE)
- Federation International Des Ingenieurs Counseils (FIDIC)
- Work And Service Agreement (WSO)
11
Q
Private Sector
A
- Singapore Institute of
Architects (SIA) Conditions of Contract - REDAS Design and Build
- Conditions of Contract
- Own Conditions of Contracts
