This is one of the most asked questions that I have received over the years. What is the difference between a Tender and a Project? So I thought I would break it down as best as I understand it.
A Tender is is put out for supply of services or products where various entities can bid to be awarded the contract. This is one phase in a Project life cycle and generally happens over a short period of time e.g. two to three weeks.
A Project is the full life cycle from Conceptual stage to Completion/Postponement/Cancellation.
The stages of a project could be broken up as follows:
Conceptual stage is the beginning phase of the project.
Client / Developer – Feasibility Process – Securing Funding – Request for Proposal – Procedural stage involves obtaining various approvals and authorisations. Basic Design – Geotechnical Study – Licensing – EIA Process – Property Rezoning – Professionals.
Design & Tender
This stage involves detailed design, the tender process and bill pricing. The majority of the Project Professionals have been appointed at this stage. Bidding Contractors’ details are listed under Bidders. Detailed Design – Expression of Interest – Negotiation – Tender – Anchor Tenant – Invited List.
Awarded & Underway
The main contractor and subcontractors have been awarded and construction is underway.
Practical completion is nearing the end or is structurally complete. The project is on hold for various reasons.
All this information is captured on our system in an accessible manner for our subscribers so they can keep up to date and put their business’s in the right position to take advantage of the opportunities that exist.
This is a very basic explanation, I know. If you want to add to it, please feel free to provide feedback for those reading.