Estimating and Tendering

Estimating and tendering are processes used in project planning and procurement. Estimating involves calculating the expected costs of a project based on materials, labor, equipment, and other expenses, providing an accurate budget forecast. Tendering is the competitive process where contractors or suppliers submit offers or bids to undertake the project at a proposed price. The client reviews these bids to select the most suitable and cost-effective option. Together, estimating and tendering ensure that projects are financially feasible and competitively priced, facilitating informed decision-making and fair competition among service providers.