Tender Documentation Research

For years, the Australian government has been able to come up with a set of regulations inclined to guide the contractors as they embark on their various roles to come up with constructions that are likely to meet the specifications of their clients. The completion of any construction process requires a range of documentation that should be issued before, during as well as after the completion of such a project. The major document that is used to bind all the other documentation is referred to as a building contract. Before entering into any form of negotiation with a client, a contractor is often advised to always ensure that he/she is familiar with the various types of contracts available. After doing so, a contractor is required to ensure that he/she selects the most appropriate depending with the requirements specified by a client in order to ensure that the latter is adequately satisfied with the contractor’s work in the long run (Kumar 56).

The specific building project, in this case, includes a single-family home building contract on owner’s lot. This project is particularly important as it aims at pointing out how a single homeowner is likely to come up with a private home residence with the help of the various Australian building laws and regulations. My company wishes to embark on this contract type and not any other as our missing is to promote the country’s development projects in a manner that is sustainable. We also believe that, when more people gain access to adequate home units, they are more likely to embark on their various activities in a more comfortable manner hence promoting overall development (Collins 54). Tender Documentation for a Building Contract For any successful construction project, the contractor ought to understand the various documentation required to control the overall project.

Additionally, the contractor may choose to make use of computer-based tools to come up with accounting reports for the transactions of the project. Photographs and Videos Each and every project should be documented in form of photographs and videos in order to allow the project manager to clearly monitor the stages of project completion. As such, all the photographs and videos should be clearly elaborated with dates for easier reporting. Additionally, these tools could be used in order to showcase whether or not the project was done in accordance with the specifications and plans that had been laid out at an earlier stage of the project. Potential Risks Involved While Preparing a Residential Building Tender Missed Deadlines Any construction project is tailored upon a fixed deadline.

In some cases, certain equipment is easy to replace than others hence making it difficult for a project to be effectively completed. When a contractor is unable to replace them in due time, he/she may be termed as a contract defaulter which may be liable against the legal system. Third Party/Worker Injuries Depending on the complexity of the project, instances of physical damage are likely to be a common issue in construction projects. As such, a contractor may be faced with the risk of encountering injuries among its workers or even any third party visiting the site. When this occurs, the contractor encounters a potential delay in the completion of the agreed tender. Part B Checklist Form Information Table 1.

1: Checklist Form Information. Checklist item Response (YES/NO) Filling in of the various contract details in Clause 4. Is the contract price as indicated in Clause 5. 1 been filled in? Has the work required been appropriately described in accordance to clause 9. Writing a Compelling Bid Here, the buyer should come up with a proposition stating why he/she is beer than the competitor. The buyer could do so by displaying a clear understanding of what is expected in order to complete a successful project. Understanding the Payment Terms The buyer should assure the client that he/she understands the payment schedule stated. The buyer should also quote an alternative payment date in case the specified date is not met (Li 41). Finding Referees The buyer should indicate the various parties who are likely to attest to their work.

If the bidder has not been able to meet the specifications, the whole documentation is returned with covering letter notifying the bidder that the bid has been rejected. As such, all bidders are required not to omit any information whatsoever (Collins 99). Checking Of Tender Calculations to Ensure Financial Conformity After the submitted bids have undergone technical assessment, the advertising agency undertakes a financial analysis. The purpose of doing so is so as to check whether the quoted prices can be undertaken or not. The analyst then comes up with the results before moving to the net assessment stage. Conclusion Tender presentation enables both the client and the contractor to effectively meet their respective objectives upon the agreement of the set terms and conditions.

Before entering into any form of negotiation with a client, a contractor is often advised to always ensure that he/she is familiar with the various types of contracts available. In order to ensure that the building contract in question is able to meet its overall purpose, all parties involved are required to carefully ensure that they have read the various aspects included. As such care must also be exercised in order to ensure that all the parties involved are able to meet and understand the various clauses available. Works Cited Bari, Nor Azmi Ahmad, et al. K. Dinakar. "Tender Management System for Public Work. Li, Jingru, et al. "Are construction enterprises ready for industrialized residential building policy? A case study in Shenzhen.