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Who is bidder and tenderer?

Tenderer or Bidder means the person, Firm or Company/Co-operative society submitted a tender/ bid against the invitation for tender bid shall include his/its their legal representative, administrators, successors and executors.

What is a single prime bid?

1. Single-prime: All components of construction (heating, ventilating, and air conditioning; plumbing; electrical; and general construction) are bid together. One contract is awarded to the lowest responsible bidder who subcontracts with other contractors and is responsible for the entire scope of construction work.

What are the 2 types of bidding?

Bidding performs in two ways online: unique bidding and dynamic bidding.

What is difference between bid and bidder?

Bidding involves the following process; a person offers a price which is to be known as a bid, the person who offers the price is called bidder and the entire process is termed as bidding. Bidding is basically used to determine the cost of a particular thing.

What does Prime bid mean in construction?

Simply stated, the company holding the position of prime contractor is responsible for all of the work as described in the bid documents. This includes drawings, specifications and all other documents provided by the owner.

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