General Studies · Construction Management
In commercial and construction contracts, a 'Tender' is fundamentally a/an:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Estimation of total internal production cost
- 2Estimation of expected net profit margins
- 3Formal offer or estimation of the selling price/execution cost✓
- 4Estimation of total material units required
Correct answer
Formal offer or estimation of the selling price/execution cost
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