What is NIT, EMD, Pre-bid meeting, tender value and covers in Tender ?
Importance of Tender Components: Some of tender components are important to know for the contractor or for the Civil engineer who is going to participate in tender E-Bidding through 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 ...