Our Request for Quotation's (RFQ's) is a type of procurement and contract solicitation and standard business procedure to invite our registered contractors into a work contract execution process to quote on specific project work. We use this platform to receive correct bids from time to time; an RFQ document provides comprehensive information to the contractor concerning the requirements. The RFQ is typically broken into four sections: the preparation phase, processing phase, awarding phase, and the closing phase. The RFQ document includes bill of quantities, type of work, work location, payment terms, factors influencing quote selection, bid submission deadline, and other necessary information required for quote consideration. Bharat Nirman Limited will award the work to the contractor that meets the qualifying criteria and who submits the lowest bid quote. After the RFQ process, our Planning & Procurement department normally conducts a board discussion to determine the fair market value of the work/services.

Discussions may be held on the received quotes (often to clarify technical, financial and project delivery capabilities of the contractor). A quote received in response to an RFQ is not final, and the company cannot use it to create a binding contract. The work contract agreement/work order is an offer from the company to a contractor to sublet the work or services according to specific terms and conditions. Bharat Nirman awards the contract when a contractor accepts the offer in written.