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Technical Bid Examples Form

Technical Bid Examples Form

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Instructions and help about technical bid document format

Namaskar and welcome to this module on Principles of Construction Management. And this is lecture number 4 in this module, and we will do illustrative examples for evaluation of bids based on different schemes. So, now, to start the discussion, let us consider a project whose estimated cost is let us say INR one lakh, and the details of the financial bids submitted by four bidders is as follows. We have bidders A, B, C and D and they bid INR ninety five, eighty seven, sixty four, and, seventy six thousand.respectively. Now, if the rules of the game were to be that simply the award goes to the lowest bidder. That is a simplest of rules – that is a so called “L1” criteria. There is no discussion. 64 is the lowest.The bidder is C. The project is awarded to bidder C. Now the situation need not be all that simple. If we now consider a (different) situation for the same project of the estimate of INR hundred thousand rupees.The details of technical bids, and the financial bids of four

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