How do Projects differ from Tenders on our website?

25 Jan 2018

L2B Blog: How do Projects differ from Tenders on our website?

by Amy Steyn | posted in: Featured Project | 0

What is the difference between a project and a tender?? This is the question Clients and Potential Clients often ask.

It can potentially get a little confusing, but in short, a project is a development that is tracked from conception to completion e.g. The development of a hotel. A tender is a specific tender for a specific requirement e.g. a tender might go out for the supply of bricks.

There might be several tenders that go out within a specific project.

Tenders:

Generally speaking, 95 – 99% of tenders are for government or parastatals as they are required by law to put their requirements out to tender. Private developers aren’t legally required to tender, so most of the time they will invite or negotiate with suppliers to price.

Leads 2 Business researches from various sources for building and construction-related Tenders throughout Southern Africa. We have a dedicated team who collate tenders published on websites, newspapers, online portals and government gazettes.

We publish these on a daily basis in a user-friendly template on the website. These tenders are categorised according to their location, CIDB Grading and industry. This allows our subscribers to access all live and awarded tender information,

which is easy to search and refine, to give YOU the information that is relevant to YOUR business. We also send an e-mail containing a summary of the leads that match your online profile at the end of each business day.

A tender document is sent out, for example, a tender may go out for bricks for a particular project.

This begins the process whereby interested and qualified suppliers are able to provide pricing for the tendered materials, and the contractor who tendered for those materials can review pricing and service offerings and award the tender to a suitable supplier.

WHAT TENDER INFORMATION TO EXPECT?

What Tender Category is required within which Industry?

Which Tender Categories?

Which Industries?

Projects:

When we refer to a project, we look at it holistically from start to finish. This is where we track the developments through all the different stages and provide our clients with the contact details of the right person at the right stage of the project. We define the project stages as follows:

Conceptual

The conceptual stage is the beginning phase of the project development. The following can occur at this stage of the development:

Appointment of a Client / Developer
Feasibility Process
Securing Funding
Request for Proposal

Procedural

Procedural stage of project development involves obtaining various approvals and authorisations:

Basic Design
Geotechnical Study
Licensing
EIA Process
Property Rezoning
Professionals

Design

The design stage of a project involves detailed design, this is where the majority of the Project Professionals such as Architects, Quantity Surveyors and Engineers get appointed.

Where the following can occur:

Detailed Design
Expression of Interest
Negotiation

Tender

At this stage, the main contractors will submit pricing for the project as a whole.

Bidding Contractors’ details are listed under Bidders.

The following can occur:

Tender
Appointment of an Anchor Tenant
Invited to Tender list

Awarded & Underway

The main contractor and subcontractors have been awarded reflecting the Main Building and Civil Contractor details under Awards.

Completed

In the completed phase of project development, it means practical completion is nearing the end, or it is already structurally complete.

Cancelled

A development may be cancelled for a number of reasons. Sometimes the developer runs out of funds, perhaps the environmental studies picked up on a species of frog that cannot be relocated and the project is cancelled until a new site can be acquired…. Whatever the reason, the cancellation of a project is always an inconvenience, and we alert our subscribers as soon as possible so that any parties that were interested or bidding on the project can plan and react accordingly.

Postponed

Project developments can be postponed or put on hold for various reasons. If you are monitoring a project where this occurs, you will receive an update email when the status changes.

I hope you now have a better understanding of the difference between projects and tenders! Happy searching on our site, and may all stages of “Project 2018”, from conception to completion, be prosperous for you 😉

Sources:

Bricks

Project in its entirety

About Amy Steyn

I started at Leads 2 Business in August 2017, so I am relatively new to the L2B family. In my role as Account Executive, I am one of the lucky ones that get to interact with you, the client, on a day to day basis! I'm learning every day, and I look forward to what the future holds at L2B!

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24 Jan 2018

Featured Project: Jacana Eco Estate

by Sasha Anderson | posted in: Featured Project | 1

Jacana Eco Estate

Description:

Construction of 30 homes, for a gated estate which will be known as Jacana Eco Estate. Plot and plan development offers different sites and designs. The estate aims to provide, newly built modern contemporary homes, located within a gated estate, at affordable prices, all the while maintaining modern design features, high-quality finishes and a safe living environment. Estate also focuses on the environmental issues, such as rainwater harvesting, gas and solar options. Security with 24/7 guarding facilities at the gate. The site is situated along Hayfields Road in Hilton, KwaZulu-Natal.

Internal view of a Unit at Jacana Eco Estate

Status:

Awarded

Category:

Building

Industry:

Residential

Sector:

Private

Region:

Hilton

Value:

Unknown At This Stage

Timing:

February 2018 to December 2020 (2 years)

Class:

Invited / Negotiated

If you are a valued Projects subscriber, you can find more details here

Our blog also explains What Projects are all about

If you are not subscribed to L2B yet, please visit our website or visit our blog for more Featured Projects previously published.

About Sasha Anderson

Millennial Mom + wife living the hash-tag life. Reach out if you want to talk: L2B, social media, construction, technology, marriage, parenting, popular culture and travel. Remember: If You Fail - Fail Forward

17 Jan 2018