Tender Request for Large Asset Project: Definition, Justification, Financing, Requirements, Safety

Running head: TENDER REQUEST
Tender Request
Name of the Student
Name of the University
Author’s Note:

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TENDER REQUEST
Table of Contents
1. Definition of Project in context to a Large Asset........................................................................2
2. Explanation of Project Justification and Contract Process..........................................................2
3. Explanation of Financing of the Project......................................................................................2
4. Identification of Project Conditions, Project Team and Project Processes.................................3
5. Expected Estimation to be Tendered for Project Labour, Plant, Materials and Sub Contractors4
6. Providing Requirements for Project Change...............................................................................4
7. Providing Requirements for Quality Assurance and Quality Control.........................................5
8. Providing Requirements for Management of Document, Reporting and Governance................6
9. Providing Requirements for Disputes, Arbitration and Mediation..............................................6
10. Providing Requirements for Safety...........................................................................................7
References........................................................................................................................................8

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TENDER REQUEST
1. Definition of Project in context to a Large Asset
According to Australian Standard Code of Tendering or AS 4120-1994, section 6.1.1, the
project can be defined as the proper collaboration of individuals that helps to involve a specific
research and design to achieve their team objective (Walker, 2015). The initiation of the tender
procedure is the perfect development of project definition as well as scope, which will eventually
set the complete success of a process. The document of tender defines all the requirements of
project stakeholders.
2. Explanation of Project Justification and Contract Process
There are various factors in any particular project. Justification of project is one of these
important factors in the tender request. It can be defined as the particular attempt to explain the
reason that why the organization should implement the problem (Pemsel & Wiewiora, 2013).
This project justification provides explanation about the project to their stakeholders. There are
some steps to explain the project justification like environmental analysis, alternatives analysis
and many more.
Contract process starts with the choosing of a contract. Then important information is
being collected. The next step is the selection of the negotiator. Reviewing of the contract
process is the next important step. Finally, the contract of the project is signed in the final step.
3. Explanation of Financing of the Project
Finance of any project depends on the cash flows of the project. This includes various
equity investors or sponsors (Reiss, 2013). The project finance is the perfect financing of the
long-term infrastructures, public services and industrial projects that is subsequently based over