What Is a Cost of Tender?

One of the bidding costs of a project is that the legal person of the project, in accordance with relevant national regulations, organizes or entrusts a qualified institution to compile, review bids and tender bases, organizes the preparation of equipment technical specifications, and entrusts a qualified agency to design, construct , Equipment procurement, engineering supervision, commissioning and other contracted projects.

Tender fee

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One of the bidding costs of a project is that the legal person of the project, in accordance with relevant national regulations, organizes or entrusts a qualified institution to compile, review bids and tender bases, organizes the preparation of equipment technical specifications, and entrusts a qualified agency to design, construct , Equipment procurement, engineering supervision, commissioning and other contracted projects.

Tendering fee refers to the project legal person who organizes or entrusts a qualified institution to compile, review bids and bid bases, organizes the preparation of equipment technical specifications, and entrusts a qualified agency to conduct design, construction, equipment procurement, and engineering supervision in accordance with relevant national regulations Expenses incurred in bidding for contracted projects such as commissioning and commissioning.

Tender fees are an integral part of other costs in the construction and installation project budget.