Tender Request for Large Assets - Desklib

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

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TENDER REQUEST
Table of Contents
Introduction................................................................................................................................2
1. Definition of Project in context to a Large Asset...................................................................3
2. Explanation of Project Justification and Contract Process....................................................4
3. Explanation of Financing of the Project.................................................................................6
4. Identification of Project Conditions, Project Team and Project Processes............................7
5. Expected Estimation to be Tendered for Project Labour, Plant, Materials and Sub
Contractors.................................................................................................................................8
6. Providing Requirements for Project Change..........................................................................9
7. Providing Requirements for Quality Assurance and Quality Control.................................10
8. Providing Requirements for Management of Document, Reporting and Governance........10
9. Providing Requirements for Disputes, Arbitration and Mediation......................................11
10. Providing Requirements for Safety....................................................................................11
Conclusion................................................................................................................................12
References................................................................................................................................14

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TENDER REQUEST
Introduction
A tender can be defined as the significant process, where any government as well as
financial institutions subsequently invites bids for the larger projects, which are to be
submitted within provided time or deadline (MacWhinney, 2014). Tender even refers to the
procedure, where all the shareholders of a particular project submit their respective shares or
securities for taking over an offer. For the project of larger assets, tenders are given for the
sole purpose of governing the opening, evaluation and finally selecting the vendors. This type
of tender ensures the fact that the entire process of selection is absolutely transparent as well
as fair. As per the various tender offers that are related to the takeover attempts, there are
purchase price or expense, deadline for response and finally several requested shares. This
tender is the attempt by any business to the land any typical contract, which is requesting
various responses (Burke, 2013). It is same as the formal bids. Any specific tender requests
the various conditions about how any organization would be meeting the several
requirements in the particular company and the information about the operation or
capabilities of the tendering organization.
The following essay demonstrates a formal tender request for the operators of large
asset project. The Australian Standard Code of Tendering or AS 4120-1994 will be utilized
for making this tender request. This essay would be outlining the various critical factors
related to the tender request of any contract. The proper definition of a project in context to a
large asset, proper explanation of project justification and process of contract, project
financing explanation, recognition of project processes, project team and project conditions
and estimation of project labour, plants, and machineries will be properly explained here. The
second part of the tender request will be providing the various requirements for project
change, quality assurance, quality control, management documents, reporting and
governance, disputes, arbitration and mediation and safety.

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TENDER REQUEST
1. Definition of Project in context to a Large Asset
A project can be eventually defined as the collaborative enterprise or a specific
individual, who is possibly involving any particular research or design, properly planned by a
typical project team and achieving a particular objective (Kerzner & Kerzner, 2017). This
project is the set of various inter related tasks that are to be executed within any fixed period
of time and also within fixed or previously estimated costs or any other limitations. The
project of a large asset eventually refers to the fact that huge capital or assets are involved
within the project. It is the temporary social system, which is eventually constituted by
various project teams within as well as across the organizations in the purpose of
accomplishing various tasks within provided time (Bell, 2014). The project of the large assets
is the specific part of a broader programme management.
As per Australian Standard Code of Tendering or AS 4120-1994, section 6.1, p. 13,
the starting of any tender process is the proper development of the definition of project or
scope that would subsequently set the entire scene for the proper success of the complete
process. The project brief is eventually prepared for properly defining the project scope and
for this purpose of the various tender documents is prepared (Schwalbe, 2015). This
particular tender document should define each and every requirement of the stakeholders.
These requirements mainly include performance, envisaged functional goals or objectives,
completion dates, performance, requirements of the date. All the known constraints that are
linked with the delivery of the contract must be recognized upfront, such as requirements of
public access, land availability, work limit and many more (Williams, 2014). If these scoping
requirements are failed to be met, it eventually results in the expectations of stakeholders’
failure and hence lead to the dispute cases.