While submitting tender by three envelope method, which envelope contains the priced tender form with the signature of tenderer?
- AEnvelope: 3Correct
- BEnvelope: 1 and 2
- CEnvelope: 1
- DNone of the above
Solution
Concept
Three envelope tender submission process
Formula
NONE
Step-by-step solution
1. In a three-envelope tender system, Envelope 1 typically contains the earnest money deposit and pre-qualification documents. 2. Envelope 2 contains the technical bid, technical specifications, and compliance reports. 3. Envelope 3 contains the financial or priced tender form duly signed by the tenderer, which is opened last. Answer: A
Explanation
In the three-envelope tendering system, the first envelope contains earnest money, the second contains technical details, and the third contains the financial bid. The signed priced tender form represents the financial bid, so it is placed strictly in Envelope 3. This ensures that financial offers are opened only after technical qualifications are verified.
Why the other options are wrong
B) Envelopes 1 and 2 contain documents like earnest money deposit and technical bid details. C) Envelope 1 typically contains earnest money deposit and pre-qualification documents. D) Option A is the correct answer.
Shortcut
Envelope 3 = Third and final envelope for priced financial bids.
Common mistake
Confusing Envelope 3 (financial/priced bid) with Envelope 1 (eligibility) or Envelope 2 (technical proposal).
Correct answer: A) Envelope: 3