Survey slams 'huge'cost of tendering.
Survey slams 'huge'cost of tendering.
- 2003
- Contract Journal 421(6451) 5 November 2003, 4(1) .
A survey conducted by Reading University has shown that the average cost of construction tendering is 3% of the value of the project with average pre-qualification costs at 1.5%. 2% of turnover is being spent in photocopying and mailing documents. To calculate actual bid costs and contribute to the survey visit the survey site at http://www.constructionmarketingcommunity.com/research.
TENDERING
BIDDING
Procurement-old
A survey conducted by Reading University has shown that the average cost of construction tendering is 3% of the value of the project with average pre-qualification costs at 1.5%. 2% of turnover is being spent in photocopying and mailing documents. To calculate actual bid costs and contribute to the survey visit the survey site at http://www.constructionmarketingcommunity.com/research.
TENDERING
BIDDING
Procurement-old