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1TATA INSTITUTE OF SOCIAL SCIENCES LEONARD, MUMBAI 400 088 (Deemed University under MHD, Government of India) DETAILED AUCTION NOTICE THROUGH TIES TENDERING/PROCUREMENT PORTAL i.e, https://www.tenderwizard.com/TISS
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How to fill out estimated tender cost
How to fill out estimated tender cost
01
Review the tender documents to understand all the requirements and scope of work.
02
Break down the project into various cost categories such as materials, labor, equipment, and overhead.
03
Obtain quotes from suppliers and subcontractors for the materials and services required.
04
Calculate the labor costs based on the number of hours required for each task and the applicable labor rates.
05
Estimate the equipment costs including rental fees or depreciation expenses.
06
Factor in any additional costs such as permits, insurance, and taxes.
07
Sum up all the costs to arrive at the final estimated tender cost.
Who needs estimated tender cost?
01
Contractors bidding for construction projects
02
Government agencies issuing tenders
03
Consultants preparing feasibility studies
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What is estimated tender cost?
The estimated tender cost is the projected cost of a tender or bid for a construction project before the actual costs are known.
Who is required to file estimated tender cost?
Contractors or bidders who are participating in a construction project are required to file the estimated tender cost.
How to fill out estimated tender cost?
The estimated tender cost can be filled out by providing detailed breakdown of all projected costs for the construction project.
What is the purpose of estimated tender cost?
The purpose of estimated tender cost is to help project owners and stakeholders assess the financial feasibility of a construction project.
What information must be reported on estimated tender cost?
The estimated tender cost must include all projected costs such as materials, labor, equipment, and any other expenses related to the construction project.
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