Understanding Tendering Processes and Ownership Models
Tendering processes and methods are crucial in the development and execution of construction projects, especially in sectors like power and infrastructure. These processes help ensure transparency, competitiveness, and efficiency in project delivery. Additionally, different ownership models such as BOO (Build-Own-Operate), BOOM (Build-Own-Operate-Maintain), and BOOT (Build-Own-Operate-Transfer) play a significant role in structuring project financing and management. Let’s delve into these aspects in detail. 1. Overview of Tendering Processes Tendering is the procedure by which organizations (public…