TITLE: CONSTRUCTION
TENDERING AND BIDDING
PROCESS
SUBTITILE: SUMMER INTERSHIP PROJECT
(SIP) REPORT AT PARIKH CONSTRUCTION
CO. VADODARA
PREPARED BY: HIREN NATVARLAL
THAKKAR (ENROLLEMENT NUMBER -
2322752010178)
INSTITUTION: PARUL UNIVERSITY,
VADODARA
MBA – ONLINE (SEMESTER-III), VIVA-
INDUSTRY BACKGROUND
Industry Overview
DEFINITION: The Construction Industry includes
the planning, design and execution of various
projects (residential, commercial, industrial &
Public Infrastructure)
MARKET GROWTH: Expected to reach $1.4 trillion by
2025, with government support driving urban and
infrastructure development & Projected CAGR exceeding
6% from 2024 to 2029.
Key Drivers: Major players include Larsen & Toubro, DLF,
Godrej Properties and Kirby Building systems (for PEB)
alongside regional and local companies that contribute to
various construction segments, including residential,
commercial,
FUTURE and infrastructure projects.
OUTLOOK: Overall, The Indian construction
industry is growing rapidly, fueled by major investments
and government initiatives to address urbanization and
population growth, with contributions from both domestic
and international players.
COMPANY OVERVIEW AND JOB PROFILE
Company: Parikh Construction Co. Vadodara
SPECIALIZATION: Industrial, high-rise,
commercial and recreational projects, EHV
substations etc.
MISSION : Customer satisfaction through
quality, ethics and innovation.
VISION: Become the most dependable player
in Industry
Job Profile:
Intern’s Role: Assisted the tendering and bidding
department in document management, cost
estimation and bid preparation
OBJECTIVES OF THE STUDY
PRIMARY OBJECTIVE: To understand the
construction tendering and bidding process and
its practical applications in a real-world setting.
SPECIFIC GOALS:
Develop skills in bid analysis, cost estimation
and document preparation.
Gain experience in regulatory compliance and
inter-departmental coordination in tender
processes.
RESEARCH METHODOLOGY
STEP DESCRIPTION
Analyze tender documents, identify
Document Review
compliance requirements.
Evaluate BOQ, perform rate analysis,
Cost Analysis
estimate total cost
Site visit & Preparation of
Assess project requirements, verify site
Pre-bid Queries & their
conditions.
resolution.
Risk Assessment & How to Identify potential risks, create mitigation
Mitigate them strategies.
Complete all documents, finalize bid
Bid Preparation pricing.
Inter-departmental Coordinate with finance, procurement, HR
Collaboration for bid-related approvals.
RESULTS & ANALYSIS-PROJECT OBJECTIVES &
SCOPE
OBJECTIVES: Outlines the internship goal to
improve the tendering and bidding
processes for construction projects.
SCOPE: Focused on streamlining document
management. Cost estimation, and compliances
during bidding.
INCREASE BID COMPLETITIVENESS: Ensure pricing
and compliance stand out in the market.
OPTIMIZE DOCUMENT COMPLIANCE:
Streamline tender document management
for accuracy and timelines.
RESULTS & ANALYSIS-METHODOLOGY
DATA COLLECTION: Analysis of tender
documents, client, requirements, and
market rates
DEVIATION: Put up deviation with proper format
provided from client end for their response and
evaluation.
EVALUATION PROCESS: Pre-bid meetings, site-
survey, competitor analysis and cost assessments.
MARKET COMPETITION: Pricing bids
competitively and rising costs.
COST VS SALE ANALYSIS: Analyse the costs
versus potential sale benefits to ensure
bid profitability.
RESULTS & ANALYSIS-KEY FINDINGS
DOCUMENT MANAGEMENT: Importance of
organized documentation to meet compliance and
streamline processes.
COST ANALYSIS: Identified potential areas for
cost savings without sacrificing quality.
RISK MANAGEMENT: Emphasized adherence to
regulatory standards and accurate documentation
to avoid bid rejections.
RESULTS & ANALYSIS-PERFORMANCE OF
PARIKH CONSTRUCTION CO.
MARKET POSITION: Strong in Vadodara’s industrial,
Commercial, recreational projects, with a growing
client base.
COMPETITIOR ANALYSIS: Major competitors include
Rudrani Infrastructure, Reeca Infrastructure, Adroit
Structural Engineers.
GROWTH POTENTIAL: Positioned well for future
government and private infrastructure projects.
Emphasized reputation, client relationships, and
technological advancement as core strength.
CONCLUSION AND
RECOMMENDATIONS
Internship provided a solid foundation in tendering and
bidding practices.
Gained firsthand experience in the complexities of
construction Tendering and Bidding Process as being part of
Construction Company.
With a strong Technical resolution, present resources, other
client’s feedback, last 5-years return/ Turn-over &
competitive bidding that encourage Owner to evaluate
Bidder for the 2nd round for commercial discussion.
Implement ISO certification for efficiency.
Integrate advanced ERP systems for document Management
and Process automation.
Enhanced SOPs increased investment in technology for cost
analysis & compliance management.
Detail study of competitor/other bidders in terms of
competency technical vs cost, grip in the industry or area,
chances of being active in bid etc. is very crucial.
