Tender is the process is acquiring permission from a client to undertake work or a course. This is not an agency agreement. An agency agreement is an agreement where one person contracts another person to do all the tasks that would otherwise be done by a contractor. In an agency agreement, all the mistakes of the agent are taken to be the mistakes of the contractor. This is the difference in a tendering process. On is solely reliable the for the mistake done. Once a tender is given it comes legally binding and can be challenged at a court of law. When you want a residential house constructed like the Rivercove residences EC requires an intense tendering process. You don’t want mess with the construction of a residential building. How can one conduct the best tendering process for the construction of a residential place?
Advertise and invite tender application
The first step in any tendering process is inviting the applications of tenders as well an advertisement for the position. Advertising will help as many as possible tender applications. This way one is going to get the very competitive assignment. This will increase the chances of you contracting the best company to do the construction on your behalf. The advertisement should be in the Medias that will hit the target group easily. The target groups are the reputable construction companies in the country. The best way to get them is by using national newspapers as well as media stations. Specify on the number of days the application is open. Set the minimum requirement very clear and precise. Don’t have a preferred company in our mind. Let all the companies compete from the first to the last stage.
Look at the capacity of all the applicants
After all the companies have applied. The second step is to look for the best company. The best way to do this is to start eliminating those companies, in your opinion that don’t meet the required standards to work for you. The standards are in term of the capacity. Is the company able to show its strength and the ability to complete the assignment is a good time and provide a high-quality job? Look into the equipment of every company? Be sure to check whether they are the most up to date. Look into the personnel of the companies. Are they all qualified? Be sure to check the management of the company and the employees of the company. Be sure to check the company that has handled a similar job in the past. Choose the best company and proceed to the final step.
Sign binding legal agreements
After you have chosen your best company, the last step is to sign legally binding agreements. This agreement should be signed in the presence of a lawyer. First, read to the company your times and condition for the job. Have the company read for you their terms and condition for the contract. Negotiate the terms and condition and come up with the final agreement. Both parties should sign the agreement, and the work should start immediately.