Learning Aims

What is the tender sum in figures and words? The total amount proposed by the contractor for the work. It should be provided both numerically (in figures) and in words to avoid any ambiguity. Example: If the proposed tender amount is £100,000, it should be written as “£100,000 (One Hundred Thousand Pounds).”

• £100,000 (One Hundred Thousand Pounds)

• £200,000 (Two Hundred Thousand Pounds)

• £300,000 (Three Hundred Thousand Pounds)

• £400,000 (Four Hundred Thousand Pounds)

Who is authorized to sign tenders on behalf of the company?

• The CEO

• The CFO

• The COO

• The Company Secretary

How should the date be written if the form is completed on February 15, 2024?

• February 15, 2024

• 15 February 2024

• 02/15/2024

• 15/02/2024

What details must be included if a client demands a performance bond or other forms of surety in a tendering process?

• The client's financial history

• The project's completion timeline

• The contractor's qualifications

• The bond amount and conditions

What is required for the submission of the tender?

• A completed application form

• A financial statement

• A letter of intent

• All of the above

What must be included in the tender submission?

• Financial statements

• Project timeline

• Both financial statements and project timeline

• None of the above

What happens if a tender is submitted late?

• The tender is accepted with a penalty.

• The tender is rejected.

• The tender is accepted without any penalty.

• The tender is put on hold.

What does a tender envelope refer to?

• A) A digital container for personal documents

• B) A physical or digital container used to submit a formal bid for a construction project

• C) A container for storing construction materials

• D) A digital platform for project management

What does the tender envelope contain?

• All the necessary documents and information required by the client or contracting authority to evaluate the bid

• Personal identification documents

• Construction materials

• Project management software

The tender envelope ensures _______ and prevents premature access to the bid contents until the specified submission deadline.

• confidentiality

• transparency

• accessibility

• visibility