These guidelines provide an overview of the tender process for Gram Panchayat projects. All potential bidders are advised to read these guidelines carefully along with the specific requirements mentioned in each tender document.
Common terminology used in the tender process
| Term | Definition |
|---|---|
| EMD | Earnest Money Deposit - A security deposit to ensure serious bidders only. |
| L1 | Lowest Bidder - The bidder who has quoted the lowest price. |
| Technical Bid | Documents demonstrating the bidder's technical capability to undertake the project. |
| Financial Bid | The price quotation for the entire scope of work as defined in the tender. |
| Corrigendum | An amendment or addition to a tender document post-publication. |