What is NIT, EMD, Pre-bid meeting, tender value and covers in Tender ?| Session-2 | ReinforceQST

Importance of Tender Components:
Some of the tender components are important to know for the contractor and for the Civil engineer who is going to participate in tender E-Bidding through the E-Procurement portal website.
The following are the important components/items in Tender:
1. NIT(Notice Inviting Tender)
2. BOQ(Bill of Quantities)
3. Tender Value
4. Tender Fee
5. EMD
6. Stage of Bidding
7. Pre-bid meeting
8. Post-bid meeting
9. Cover information
10. Bid value
NIT (Notice Inviting Tender):
NIT is the important item in which all basic important information related to tender is provided as BOQ detail, Technical specification, no. of covers, Bid validity, etc.
BOQ (Bill of quantities):
BOQ is a financial estimated budgeted amount with all detailed item/descriptions with their quantity and its items rate.
There are three types of BOQ from client to contractor:
• Percentage rate wise BOQ
• Item rate wise BOQ
• Single line percentage-wise BOQ
BOQ is the important component against every eligible contractor who quotes their rates as a bidding amount.
Tender value:
Tender value is the project value or BOQ amount.
Tender FEE:
The tender fee is the fee that has to be deposited by every eligible contractor before participating in Tender bidding i.e. non-refundable to any contractor.
EMD (Earnest Money Deposit):
EMD is the deposit amount that has to be deposited by every contractor who is willing to participate in the bidding procedure.
EMD might be in some percentage of tender value or in a fixed amount.
EMD is refundable to those eligible contractors who did not get a project.
EMD is converted into a security deposit amount after bidding for the final contractor who got the project.
Stage Bidding:
There are two-stage of bidding:
• Single-stage Bidding: Only financial Bidding
• Double stage bidding: Both technical and financial Bidding
Pre-Bid meeting:
The pre-Bid meeting is a meeting between the client and all those interested eligible contractors who want to participate in bidding to discuss related BOQ, Technical specifications, etc.
This meeting will be organized by the client before bidding.
Post Bid Meeting:
After Bidding and Bid Evaluation, the final contract will be called by the client for a meeting to discuss further details like the Date for the contractual agreement and documents required for the contract, etc.
The client can also try to negotiate the final contractor’s bidding amount in post Bid meetings etc.
Cover information:
Two types of cover:
• Technical cover
• Financial cover
Bid Validity:
The Bidding by the contractor will be valid for a certain period of days.
Tender and Contract Session -1 : • What is Tender and Con...
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[@pbhatia1357]

Very nice explanation. Excellent and highly knowledgeable person. Great

[@khandughavane2329]

1. EMD generally is 0.5 to 2% of cost put to tender. It is forfeited only of non completing bidding after opening bid, that of only qualified bidders. EMD of non qualified bidders is refunded.
2. Prebid meeting is to clarify any doubts regarding the project.
3. Bid validity is obligation to the bidders to accept the quoted offer, after that it is not binding on bidder.

[@michaelhasda7194]

Very well explained. I'm watching this video just as a layman. I have nothing to do with regards to Tender. But I really wanted to know about the basic subject matter. I really understood many technical terms and procedures through this video. Explained in such a simple manner. Thank you so much.❤❤❤

[@surykantchaudhary5138]

Best video available on RUclips, no video available better than this ❤

[@shamchavan8425]

Nice information sharing Thanks sir 🙏

[@kuldeep_bisht]

Thank you sir , you made my day for this information 🙏🙏🙏

[@mohammedsarvaiya7306]

bahut hi Sundar tarike se samjhaya aapane 🙏🙏

[@rishijha4209]

Thanks for sharing your deep knowledge 🙏

[@akashparab9591]

Great help ! Thank you for the video

[@mahendrapalsingh2536]

VERY nice Sir, really VERY nicely explained

[@ruchimanishsinghrajpoot1997]

sir aapse mujhe bhot saari jaankaari mili

[@gagansharmaDevelopYourself]

achi video banyai hai bharata ji

[@premnathdaram2929]

Thank you sir for useful information

[@litandas3687]

Excellent explained... Sir

[@DeepakKumar-dw3jk]

Thanks a lot sir for best information

[@sudeep9554]

very good informative video

[@neelgala3]

thanks a lot..it is really helpful

[@ajayconstruction1243]

Me aapki video night 3 baje dekh rha .or is video se mere bhoot se dobut clear ho gye ..aese informative video banane ke liye aapka bhoot bhoot shukriya
&BOQ ke bare me details me ek video bnaye

[@ReinforceInstitute]

Thank you so much.keep supporting us.

[@ajayconstruction1243]

Welcome

[@mohdshahzad5043]

Thanks sir this vedio very helpful

[@rajatkantinath7715]

Thank you so much for the information

[@pankajrawat1685]

Sir, Very nice explanation..

[@tundupnamgail1330]

Thanks for sharing information sir it's very useful.

[@ReinforceInstitute]

So nice of you

[@shiwamkumar2055]

Very very thanks🌹🙏🙏🙏

[@chennareddyindla2349]

Very good.
If you had a comparative statement, explain requirement and submitted forms.

[@arunprasad2841]

Thanks for you very good video sir

[@hameemareeb9291]

Informative 👍

[@chandramanikumar6636]

सर बहुत अच्छा

[@ashishkumarmaurya1953]

The most informative video. Thankyou Sir😊😊

[@ReinforceInstitute]

Thanks 👍

[@bhoorachoudhary9565]

DearVery very useful video 👌

[@saurabhroy3834]

Informative video

[@surjakantamahato6000]

Extraordinary sir.

[@poojaraval2196]

Thanks for this information it’s very helpful

[@ReinforceInstitute]

Thanks

[@RaushanKumarSinghRKS]

Very nice information

[@sachinpal8938]

Superb explanation

[@bskorche9606]

Very good information

[@civilmagic21]

Sir your video help ful👍

[@skymountain1520]

Thank you sir

[@ruchimanishsinghrajpoot1997]

thank you so much

[@bnvlog8859]

Love from assam in Kokrajhar town 👍

[@ajaygiri1117]

Very nice👌👌

[@BalrajSingh-ty4uh]

Very good👍

[@ermdsaif1992]

useful for engineers

[@prabhatsingh5377]

Excellent

[@akulc6]

Thank's

[@AjayKumarSahu-p3o]

Very nice 👍

[@rewisestudy5628]

V nice 👌

[@drjyotivet04]

Thanks

[@adityakumar0990]

very useful'

[@jhariatoppo9448]

Very nice

[@ramudgaryadav2760]

Great sir

[@yashpalrajput9726]

Thank you sir
Sir tendar opne krna bataye

[@nainsinghdhurwevy6502]

Nice👍

[@khyabangnitin398]

Very clear and simple explanation 👍👍

[@ReinforceInstitute]

Thanks

[@MrTarunagrawal]

If dealer is filling the tender on behalf of manufacturer then who will submit the EMD amount i.e. Dealer or Manufacturer?

[@SureshKumar-pf5eu]

Vary garet sir

[@sscexamwala]

Kya tender ki term and condition change kr sakte hai after opening tender

[@musicmasala33]

Nice

[@user-jj3bq9bv8j]

How to prepare tender process through e-office in railway as a clerk? Please discuss sir. Thanks

[@wedid2016]

nice

[@manusri027]

How to understand
Scope of work.

[@sayalishinde7161]

👍🙏🙌

[@pogz8716]

Nice video👌 sir I want know, In pre bid meeting when it will happen after tender submission or before tender submission.

[@OmkarAdurkar]

Before tender submission

[@amarsinghjatav4239]

Technical bid opening ke kitne days bad tender final ho jayega

[@manusri027]

Types of tender part -3
Can anyone share a link .. pls

[@BalrajSingh-ty4uh]

Only for Negotiation:- Yadi participate hi 3 logon ne keya hai to kya L-1 ko hi lenge.

[@ramkripalyadav8324]

Pura tender me kaya kaya dekhna chahiye

[@Chandan.333suarah]

Sir SBD tender और MBD tender का डिटेल्स का वीडियो banaiye

[@asadsani-yy7bj]

Sir pre bid meeting ke minutes of meeting kasa find kara

[@pgkori6013]

Sir very nice teaching by u sir but sir please learn me how to learn documents & How to prepare each & every Documents more confusions about documents, So sir please give reply or video link

[@ReinforceInstitute]

Will upload soon

[@Zoyakhan-td5th]

Sir aap kahan se bol rahe hain

[@aradhnarajput6810]

Sir mere cell me nit or boq nai open ho raha

[@ramawadheshsharma221]

Government land lease Tenders?.

[@evjoshyverghese8328]

Sir very nice teaching by u sir but sir please learn me , because my .xls BOQ FILE IS NOT GETTING UPLOADED.PLEASE 🙏

[@samreenshaikh8876]

I'm fresher in this field

[@ajmenterprise4680]

KINDLY PUT OTHER VIDEOS FOR INFORMATION TO ALL.

[@rabikumarpaswan2425]

Sir Define it
What is Bid opening & Evaluation

[@mehebulsheikh7932]

Part 3 links please

[@dholplayer1234]

Single tender is acceptable

[@HARSHPANDEY-jh9gs]

Sir mai canteen lena chahta hu kaise le sakta hu please vedio banaye ispar pure RUclips pe iska ek bhi sahi vedio nhi hai....

[@RahulKumar-cu1zf]

Hi, Is Pre Bid Meeting Compulsory to Join.

[@ReinforceInstitute]

It's not mandatory ..

[@barbiedoll5438]

15 % below amount bharne pe tendar mil jata h to... kya 15 % amount deposit krna hoga???

[@omrawat321]

Additional performance security dena hoga

[@nshah6885]

Sir GCC and SCC pe pura details pe please

[@harshitdixit5467]

Mostly case me EMD 1% hi hota hai EPC k case me

[@chintamanichintamani5241]

Nit create Krna batao

[@AbhayKumar-ye3og]

Tender कें लिए GST compulsory है क्या।

[@Naturefriend]

Yes

[@mhkclash88]

Tendar fee 94000 ho sakta hai 8cr ke tendar me mahanagarpalika ke plz answer me fast as possible plz plz plz

[@ReinforceInstitute]

Tender fee is not that much high in any project but exception case might be

[@vikramsingh-id7iw]

sar mujhe kam karne ke liye upay

[@Technicalsingrauli]

Are sir tender me mere help kardo yar hum bhe thoda boost de denge apke channel ko

[@manishbharti1264]

Gurujii ✍✍🇮🇳🇮🇳🚩🚩🙏🙏❤❤🌹🌹

[@addatourist8970]

Kisi ko NIT bnani aati hai ky

[@addatourist8970]

#addatourist

[@DRM703]

Very good information

[@tunasikaofficial8623]

Thank you sir

[@viral_creation3554]

Nice 👍