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Ref. No 311/KGB/201718/Date 05/05/2017 TENDERDOCUMENT To, (Cost of Tender Rs. 500/). Sub: “Inviting Bid for engaging Service Provider Firm for providing Manpower (Security Guards) through service
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The cost of tender refers to the total amount of money required to submit a bid for a project or contract.
Contractors, vendors, or suppliers who wish to bid on a project or contract are required to file the cost of tender.
The cost of tender is filled out by listing all the expenses associated with preparing and submitting a bid, including labor, materials, overhead costs, and profit margin.
The purpose of the cost of tender is to ensure that all bidders are aware of the total cost involved in submitting a bid, and to help the awarding authority evaluate and compare bids.
The cost of tender must include a breakdown of all the costs incurred in preparing and submitting the bid, including labor costs, material costs, overhead costs, and profit margin.
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