Sakshi Malik

GCAD/16/324
PROFESSIONAL PRACTICE
ASSIGNMENT NO. 1
Earnest Money Deposit: -
Earnest Money Deposit is the amount that is deposited by the bidder in advance in form of
security deposit it can be transferred in many ways as specified in the particular tender
document. It is the amount of money which will be returned after the tender is given and if
the tender is given to the particular bidder and they refuse to do the project this deposit is kept
by the client.
In this particular tender EMD will be submitted with Technical bid and not in the financial
Bid.
Referred from the attached tender document- Page no-5

Technical Bid: -
The bidder bids in two separate envelopes one for technical bid and one for financial bid.
Only on the basis of technical bid financial bid is opened that is first the technical bid given
by the bidder is opened and if contains all the information that tender has requested and get
shortlisted only then the financial is bid is opened.
In technical bid all the information about the bidder’s previous works, contracts, manpower
and clients list and other information requested in tender is given.
Referred from the attached tender document- Page no-6,11,24.

Financial Bid: -
Financial is the bid that is given by bidder in separate envelope and opened only after the
technical bid is approved.
In financial bid the bidder quotes the prices for the tender work and also attach the BOQ
document so that client can judge whether they want to give with the bidders bid or not and
also financial bid is compared with the other bidders.
Referred from the attached tender document- Page no-12

Request for Proposal: -

Request for proposal also known as RFP document is the document which provides
information about the project and tell what will be the bidding process.
Referred from the attached tender document- Page no-3