Tendering vocabulary

The tender sum comprises the following elements, for a project on a traditionally procured contract:

Components on the tender sum

*The components on the tender sum’s image are available in the ‘Downloads’ section below

Your task

Choose three of the terms from the diagram above and write a definition for each.

Post your definitions in three separate posts without a heading.

Look at three of your peers’ definitions and try to guess what term they are trying to define.

‘Like’ the best definitions you see for each term. When you filter the comments by ‘likes’, the most accurate definitions will be displayed at the top.

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This article is from the free online course:

Pre-Contract Management for Construction Projects: The Basics

Coventry University