isurv

Tender price appraisal

Tender price appraisal

Every client strives to get value for money. Correctly evaluating and appraising costs submitted in a tender is an essential tool in establishing ‘best value’ for the client.

The contractor that initially submits the lowest price may not always be the right choice for contract award.

A quantity surveyor must analyse a tender to establish if the contractor has correctly priced the works and that the tender is fully compliant with the requirements of the tender documentation.

This section is maintained by Mark Loveland of Jackson Coles.