Construction Secrets

Understanding Construction Tenders/Bids [#ThrowbackThursday] | Ep. 260


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This episode is a re-run. It was originally published in October 2022.


Crack the code of construction tenders! Uncover the secrets to crafting winning proposals and securing your place in the competitive construction market. Tune in!


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If you want to find out more, book a 30-minute, no-obligation call with one of our contract experts: ⁠https://quantumcs.co/bookinthecall⁠. Jump on a free strategy session to see how we can help you!


Timestamps:

(1:39) - So tender or bid document. This is basically the document that the company who wants the work completed issues to the market

(2:23) - There's the instructions to the tenderers, the bidders. This is a document. With four or five pages that list out exactly how they want to receive your bid

(4:26) - The IOA or the FOA that stands for the instrument of agreement or the form of agreement

(5:34) - The scope of work is basically a job description

(8:02) - The order of precedence lays out the importance of the document


DISCLAIMER: The content of this podcast does not constitute legal advice, is not intended to be a substitute for legal advice, and can not be relied upon as such. You should seek legal advice or other professional advice in relation to any matters you or your business may have.


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