Tendering is a vital part of most construction projects. It is used to obtain competitive pricing from subcontractors. Subcontractors are requested to submit a bid based on a defined scope of work. Once the tender package is closed and the bids received it’s time to analyze those bids. A tender recap is used, but what exactly is a construction tender recap and what is it used for?
A construction tender recap is used as a means of reviewing the bids submitted by subcontractors. A recap typically takes the numbers from each bidder and lays them out in a table so that side by side comparison is easy. The recap compares numbers, as well as key tender information such as scope of work. Construction tender recaps simplify comparison of bid information.
This subcontractor tender recap template includes many fields which includes:
- Subcontractor Names
- Subcontractor pricing information
- Bid Submission Date
- Tender Scope Inclusions
- Tender Scope Exclusions
- Addendum Confirmed
- Project Name
- Project Date
- Tender Package Number
Analyze your tender submissions properly with this construction tender package template.