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

[@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.❤❤❤

[@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.

[@RohitSingh-fu1ls]

Thank you sir!

[@amittomar298]

Sir,
share ur number. I want to earn from u

[@mohammedsarvaiya7306]

bahut hi Sundar tarike se samjhaya aapane 🙏🙏

[@surykantchaudhary5138]

Best video available on TH-cam, no video available better than this ❤

[@shamchavan8425]

Nice information sharing Thanks sir 🙏

[@rishijha4209]

Thanks for sharing your deep knowledge 🙏

[@ashishkumarmaurya1953]

The most informative video. Thankyou Sir😊😊

[@Reinforcegroup]

Thanks 👍

[@Mukeshkumar-rd7bd]

Well explained

[@ruchimanishsinghrajpoot1997]

sir aapse mujhe bhot saari jaankaari mili

[@kuldeep_bisht]

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

[@mahendrapalsingh2536]

VERY nice Sir, really VERY nicely explained

[@hameemareeb9291]

Informative 👍

[@gagansharmaDevelopYourself]

achi video banyai hai bharata ji

[@2017jet]

Everything is fine but negotiation part is wrong, negotiation is done only with L1 bidder.

[@bnvlog8859]

Love from assam in Kokrajhar town 👍

[@sachinpal8938]

Superb explanation

[@chandramanikumar6636]

सर बहुत अच्छा

[@premnathdaram2929]

Thank you sir for useful information

[@bskorche9606]

Very good information

[@rajatkantinath7715]

Thank you so much for the information

[@civilmagic21]

Sir your video help ful👍

[@arunprasad2841]

Thanks for you very good video sir

[@surjakantamahato6000]

Extraordinary sir.

[@jmdjmd3303]

Bhaut shi sir gr8

[@sudeep9554]

very good informative video

[@farhadjaffarchishti8819]

Interested video

[@ajaygiri1117]

Very nice👌👌

[@DeepakKumar-dw3jk]

Thanks a lot sir for best information

[@tundupnamgail1330]

Thanks for sharing information sir it's very useful.

[@Reinforcegroup]

So nice of you

[@ermdsaif1992]

useful for engineers

[@poojaraval2196]

Thanks for this information it’s very helpful

[@Reinforcegroup]

Thanks

[@litandas3687]

Excellent explained... Sir

[@shiwamkumar2055]

Very very thanks🌹🙏🙏🙏

[@saurabhroy3834]

Informative video

[@Rawat_007]

Sir, Very nice explanation..

[@mohdshahzad5043]

Thanks sir this vedio very helpful

[@tunasikaofficial8623]

Thank you sir

[@riyazahmedabdullah909]

What is difference between tender fee, tender value n emd

[@neelgala3]

thanks a lot..it is really helpful

[@ramudgaryadav2760]

Great sir

[@priyaverma2199]

Is this work same for bid executive

[@aditya.sharma97974]

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

[@rewisestudy5628]

V nice 👌

[@bhoorachoudhary9565]

DearVery very useful video 👌

[@ruchimanishsinghrajpoot1997]

thank you so much

[@akashparab9591]

Great help ! Thank you for the video

[@prabhatsingh5377]

Excellent

[@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

[@SureshKumar-pf5eu]

Vary garet sir

[@BalrajSingh-ty4uh]

Very good👍

[@NibaranSikdar]

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

[@adityakumar0990]

very useful'

[@khyabangnitin398]

Very clear and simple explanation 👍👍

[@Reinforcegroup]

Thanks

[@akulc6]

Thank's

[@jhariatoppo9448]

Very nice

[@chennareddyindla2349]

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

[@yashpalrajput9726]

Thank you sir
Sir tendar opne krna bataye

[@nainsinghdhurwevy6502]

Nice👍

[@MrTarunagrawal]

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

[@wedid2016]

nice

[@samreenshaikh8876]

I'm fresher in this field

[@sayalishinde7161]

👍🙏🙌

[@BalrajSingh-ty4uh]

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

[@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

[@Reinforcegroup]

Will upload soon

[@asadsani-yy7bj]

Sir pre bid meeting ke minutes of meeting kasa find kara

[@manusri027]

How to understand
Scope of work.

[@ramkripalyadav8324]

Pura tender me kaya kaya dekhna chahiye

[@amarsinghjatav4239]

Technical bid opening ke kitne days bad tender final ho jayega

[@drjyotivet04]

Thanks

[@AbhayKumar-ye3og]

Tender कें लिए GST compulsory है क्या।

[@Naturefriend]

Yes

[@Zoyakhan-td5th]

Sir aap kahan se bol rahe hain

[@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 🙏

[@mhkclash88]

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

[@Reinforcegroup]

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

[@Chandan.333suarah]

Sir SBD tender और MBD tender का डिटेल्स का वीडियो banaiye

[@HARSHPANDEY-jh9gs]

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

[@aradhnarajput6810]

Sir mere cell me nit or boq nai open ho raha

[@musicmasala33]

Nice

[@barbiedoll5438]

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

[@omrawat321]

Additional performance security dena hoga

[@RahulKumar-cu1zf]

Hi, Is Pre Bid Meeting Compulsory to Join.

[@Reinforcegroup]

It's not mandatory ..

[@harshitdixit5467]

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

[@manusri027]

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

[@nshah6885]

Sir GCC and SCC pe pura details pe please

[@rabikumarpaswan2425]

Sir Define it
What is Bid opening & Evaluation

[@ajmenterprise4680]

KINDLY PUT OTHER VIDEOS FOR INFORMATION TO ALL.

[@mehebulsheikh7932]

Part 3 links please

[@chintamanichintamani5241]

Nit create Krna batao

[@dholplayer1234]

Single tender is acceptable

[@Technicalsingrauli]

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

[@AmitSharma-qs7gm]

Emd amount Etna jayada 😮😮

[@vikramsingh-id7iw]

sar mujhe kam karne ke liye upay

[@manishbharti1264]

Gurujii ✍✍🇮🇳🇮🇳🚩🚩🙏🙏❤❤🌹🌹

[@addatourist8970]

Kisi ko NIT bnani aati hai ky

[@addatourist8970]

#addatourist

[@2017jet]

Yes

[@deepakagrawal6800]

Bakbas vedio bnai h

[@Reinforcegroup]

thank you !

[@DRM703]

Very good information

[@AjayKumarSahu-p3o]

Very nice 👍

[@skymountain1520]

Thank you sir

[@viral_creation3554]

Nice 👍

[@RaushanKumarSinghRKS]

Very nice information