1/24/2024 0 Comments Two stage tendering disadvantagesFinally, opting for a competitive tender route may limit the range of companies willing to take part in the bidding process.This ensures the price submitted by each contractor will be as accurate as possible, thereby avoiding the scenario where the client chooses a builder that appears to be significantly cheaper at the outset, only to be forced into overshooting the budget later down the line. At HollandGreen, we invest a huge amount of time into finalising each aspect of the design before sending out to tender – right down to the exact floor finishes, the type of cabling used, the brand of paint for the walls, and so on. Secondly, the accuracy of the presented tenders heavily relies on the quality of the design pack prepared by the architect or designer.Conversely, a contractor may offer an unrealistically low price if they are keen to win the project. If a builder is particularly busy with other projects, this can result in inflated tender prices that reflect their capacity to take on new business. One factor that drives under- or over-pricing is market demand.While typically seen as a method that results in a competitive market rate, there are several factors that may impact the accuracy of the price offered by a prospective contractor.
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