Procurement and Tendering Essentials

What is the purpose of an expression of interest in the procurement process?

• To finalise the contract terms

• To indicate a supplier's interest in participating in a tender

• To provide detailed design drawings

• To outline the project schedule

Which document invites suppliers to submit a bid for a project?

• Expression of interest

• Letter of invitation to tender

• Pre-construction information

• Tender pricing document

What information is typically included in pre-construction information?

• Final contract terms

• Project specifications and design drawings

• Health and safety information relevant to the project

• Supplier's financial statements

Which document provides a detailed breakdown of costs for a construction project?

• Design drawings

• Specifications

• Bills of quantities

• Letter of invitation to tender

What is the primary purpose of design drawings in the tendering process?

• To outline the project timeline

• To provide a visual representation of the project

• To list the materials required

• To detail the financial aspects of the project

In which type of procurement does the client hold the commercial risk?

• Traditional contract

• Construction management

• Guaranteed maximum price lump sum contract

• Single-stage design and build

Which procurement method involves the contractor being responsible for both design and construction?

• Traditional contract

• Single-stage design and build

• Construction management

• Custom build

What is a key feature of a guaranteed maximum price lump sum contract?

• The contractor is paid based on time and materials

• The client pays a fixed price regardless of actual costs

• The contractor assumes all financial risk

• The price can increase if costs exceed estimates

Which procurement method is characterised by overlapping design and construction phases to speed up project delivery?

• Traditional contract

• Fast-track construction

• Custom build

• Emerging cost contracts

What is the main advantage of using a traditional contract in procurement?

• Faster project completion

• Clear separation of design and construction responsibilities

• Lower initial costs

• Greater flexibility in design changes