Tender and Bidding in Construction Projects

Construction Industry plays a key role in the process of economic transformation and growth. Export of projects\ud and services indicate a country's progress in technology and export performance. Most of the companies are\ud versed only with engineering and technology. The decision to bid is a major financial decision because of two\ud reasons. First, the contractor assumes substantial costs for the preparations of the estimates and the tender at the\ud risk of not recovering them if he is not awarded the job. Second, andmost importantly, thecontractor commits\ud himself to investment in the construction of the project if he wins the bi