ADVANTAGES
OF TENDERING
As advertisement is
given in 3 prominent newspapers society will get good offers from reputed
developers.
As offers are invited
in a sealed tender form, there is a severe competition among the bidders.
As all the specifications
and terms and conditions are same for all the bidders, it becomes easy for
comparison and evaluation.
Earnest Money Deposit
in the form of PAY ORDER payable to the society is taken from each and
every bidder so that unwanted or non interested parties do not bid for the work
Mode of measurement of
carpet area and person who will certify the same is clearly defined.
Entire redevelopment
proposal to be done in society’s name making it safer for society in case of
any problems faced by developer.
Right to change and or
remove developer stays with the society.
As all the details
pertaining to commercial terms such as Bank Guarantee, temporary accommodation,
cost of additional area etc is clearly defined the chances of ambiguity
and disputes are virtually non-existent.
Detailed technical
methodology of work is laid out in the tender document under the head of
technical specification.
Basic rates are
mentioned in the tender document enabling members to change any specification
for their individual uses.
Right to check
amendments of plans during the progress of work is kept with the society.
Material to be used is
spelt out with brand names to avoid any confusion.
As all the items are
defined clearly the chances of getting realistic offer are excellent.
Consequences of delay
are defined in tender document.
Tender is a legally
binding document.
Bye Law No 158
recommends need of tender document for construction of building.
After a proper feasibility report
is submitted, the next step in the process of Redevelopment of any society is
the most important one, viz: Selection of the PERFECT DEVELOPER, who will meet all the
needs of the society, and at the same time be financially stable, and having a
lot of experience of Redevelopment because unrealistic offers can often lead to
redevelopment projects being stalled and leave residents in a fix.
This is achieved by the process of
tendering, wherein the PROJECT MANAGEMENT CONSULTANT will float a tender
document containing all the Legal, Technical, and Commercial & Other
important Terms & Conditions, whereby maximum safety of the society members
is ensured, as they are parting with their life's most valuable possession....
their house, in the hands of a perfect stranger.
How can Ozg Help you?
Ozg Helpline # provides FREE advice for general
queries and for details / discussions with Ozgian
[URL: http://cooperative.ozgian.com
] you may book an appointment either online or at your nearest Ozg Center
by login at ozgcenter.org/appointment
Ozg
Cooperative Society Consultant
Ozg
Center, New Delhi & Mumbai, INDIA
Ozg Helpline # 09811415831-37-61-72-84-92-94
Office Timing: Mon - Sat, 9:30 a.m. - 5:30 p.m. IST
Email: cooperative.consultant@ozg.co.in
Note: To visit at any Ozg Center,
an appointment is required.
