Tender Period
Definition
The tender period is the time allowed between the issue of tender documents to subcontractors and the required date for return of quotations. Tender periods vary significantly depending on project size and complexity, typically ranging from 1–2 weeks for simple packages to 4–6 weeks for complex or high-value works.
In construction tendering, this means...
Setting an appropriate tender period is important for GCs. Too short and subcontractors either decline to tender or submit poorly-considered, protected prices. Too long and procurement timelines slip. Managing queries and issuing addenda efficiently during the tender period is as important as the period length itself.
Takshy automates the parts of the tendering process that involve tender period, extracting scope, managing documents, and keeping your workflow organised from first document to final award.
Automate your tendering with Takshy
Understanding the terminology is step one. Takshy handles the rest, from extracting scope from project documents to sending structured RFQs and managing the returns.
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