You can find out about our cookies and how to disable cookies in our Privacy Policy.If you continue to use this website without disabling cookies, we will assume you are happy to receive them.There are a number of procedures that can be adopted to select and appoint suppliers.
Serial Tendering Advantages And Disadvantages How To Disable CookiesThe concept of negotiation generally allows more flexibility for the client to select a contractor on a basis other than the lowest bid. Negotiated contracts are generally agreed between a contractor and client that have experience of working together and have a relationship built on trust. It can give the client the confidence of working with a supplier they already know, can reduce the duration and costs of tendering and can allow early supplier involvement. This allows for the reimbursement of the contractor for the costs incurred during construction, such as labour, equipment and materials, as well as profit and overhead charges for the management of the project. On public projects, or projects that include a publicly-funded element it may be necessary to advertise contracts. 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Thus negotiated tenders are obtained by the client, inviting one contractor of their choice to submit a tender response for the project. This is then negotiated with the clients professional team (usually the clients cost consultant). Documents produced are appropriate to the chosen procurement route. The benefit of this route is the speed with which a price can be obtained for the proposed works. However, the competitive advantage of a formal bidding process is reduced and the client could end up paying more for a quicker start on site, albeit with a contractor of their choice. Also, many public bodies and government departments will not allow negotiated tenders except in exceptional circumstances, as it is difficult to prove that value for money has been achieved or that favouritism has been avoided. A negotiated tender has a good chance of being accepted as satisfactory by the client because selection is based on previous successful working arrangements between the client and the chosen contractor. CC BY-NC 4.0 Want to keep learning This content is taken from Coventry University online course Procurement Strategies and Tendering View Course Share this post See other articles from this course This article is from the online course: Procurement Strategies and Tendering Created by Join For Free News categories General Learning Making FutureLearn FutureLearn News Using FutureLearn Digital Skills Current Issues Career Development Job Market CV Help Upskilling Entrepreneurship Other top stories on FutureLearn What kind of teacher should I be So youve decided you want to become a teacher. 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