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FORM A DIWALI UNIVERSITY GWALIOR PERCENTAGE RATE TENDER AND CONTRACT FOR WORKS General Rules and Direction for the Guidance of Contractor 1. Tenders must be invited for all works proposed to be given
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How to fill out a percentage rate tender:

01
Research the specific requirements for the percentage rate tender. Each tender may have different criteria and formats for filling out the document.
02
Gather all the necessary information related to the tender, such as the project details, specifications, and any supporting documents required.
03
Begin by entering the basic information at the top of the tender document, such as the project name, tender number, and your company details.
04
Read the instructions carefully and fill out each section of the tender form accordingly. This may include providing details on your company's experience, qualifications, and financial capabilities.
05
Pay attention to any specific questions or requirements within the tender document and provide accurate and comprehensive answers.
06
Include any supporting documents or evidence requested, such as financial statements, certificates, or references.
07
Review and double-check all the information entered in the tender document to ensure accuracy and completeness.
08
Submit the completed tender document according to the specified instructions, including any deadlines or submission methods.

Who needs a percentage rate tender:

01
Contractors: Contractors who are interested in bidding for construction or infrastructure projects may need to submit a percentage rate tender. This helps them provide a comprehensive and competitive pricing proposal based on their cost estimates and desired profit margin.
02
Clients: Clients or project owners, such as government agencies, private companies, or organizations, may require contractors to submit a percentage rate tender. This allows them to assess and compare different bids to select the most suitable contractor for their project.
03
Consultants: Consultants involved in the procurement process, such as quantity surveyors or project managers, may also need the percentage rate tender to evaluate and analyze the bids received. They use this information to make informed decisions and provide recommendations to the clients.
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Percentage rate tender is a type of tender where the bidder submits a price as a percentage or rate (e.g. 10% of total project cost) rather than a fixed amount.
Contractors or suppliers participating in projects where percentage rate tendering is specified are required to file percentage rate tender.
To fill out a percentage rate tender, the bidder should specify the percentage or rate they are bidding, as well as any conditions or terms associated with their pricing.
The purpose of percentage rate tender is to allow for flexibility in pricing based on project cost fluctuations.
On a percentage rate tender, bidders must report the percentage or rate they are bidding, any conditions or terms associated with their pricing, and any other pertinent information requested in the tender document.
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