Procurement & Tendering Flashcards
(2 cards)
1
Q
Two stage tendering
A
- Improved design collaboration: Early contractor involvement allows the design team and contractor to collaborate, more practical and buildable solutions.
- Better cost certainty: Stage one helps establish preliminary costs and risks early, reducing surprises in the second stage.
- Time savings: Design development and contractor input happen concurrently, potentially accelerating the overall timeline.
- Risk reduction: Risks can be identified and mitigated earlier, improving project outcomes.
- Quality contractor selection: The client can assess the contractor’s approach, team, and capabilities before committing to the full contract.
- Flexibility: Adjustments can be made during the first stage based on feasibility, cost, or technical feedback.
- Improved value engineering: Early contractor input often leads to more efficient solutions and cost-effective choices.
2
Q
Break clause
A
Enables you to cut off at stage 1, could be for planning or if you are unhappy with contractor performance