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 offer the best value or provide a fully compliant tender 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 was maintained by Mark Loveland of Jackson Coles.

Document template: Cost management tender receipt opening form

Document template: Tender price appraisal form