Tender for Valuers

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A tender is an open offer for public or invitation by the government of the country which is normally announced in a newspaper advertisement. There is also a tender for valuers which is announced in the same manner. The government approved valuers then fill in the tender and send their offer and quotation before or on the said date. There are various modes of advertisement regarding the tenders. There are various websites as well which provide tender details which are available throughout the nation.
On the other side, some of the very common terms used for the valuation of the asset are market value, intrinsic value and fair value. While maintaining the finance of an organization, it is very important to do a valuation analysis for various reasons like tax assessments, business analysis, basic book keeping and accounting. Since, the value of assets fluctuates over time, valuation are done till a specific date, like end of financial quarter or year.
The very first requirement of filing a tender for a valuer is that the valuer has to be a registered valuer and all the legal formalities regarding the same should have been completed by him or by the valuation company. Then, there are some further forms to be filled to apply for the tender.
There are various documents to be attached when filing the tender. These documents are submitted in four envelopes. Let’s discuss the different envelopes and the type of documents it should should include.
  • Envelope 1: Envelope 1 includes a form filled for the earnest which comes along with the invitation of tender and the earnest money which is 2% of the total tender cost.
  • Envelope 2: This is the most important envelope which includes income tax clearance certificate, solvency certificate from bank, certificate of registration as a valuer, details of the concerned person, a list of past related work done, complete details of work in hand, details of your organization and covering letter to tender.
  • Envelope 3: This envelope contains the priced tender form. In this form the organization sends the quotation of their work which is designed in order to get the tender.
  • Envelope 4: This envelope contains all the above mentioned envelopes with another form filled which includes the information regarding your organization.
As every government process is going online, there are few tender options that you can submit your application online as well. Depending upon the documents you submitted and your previous work experience, the government then choose from the list of options and then call upon a meeting for the same and the right candidate or organization according to the government gets the tender.

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