Disadvantages Of Tendering4/18/2021
As of December 31, 2012, the Group had total assets of HK3,110 million.Group and participate in direct investment and a number of other business development.
![]() The Group was founded in 1970 and publicly listed in Hong Kong in 1972. It is a constituent stock of the Hong Kong Hang Seng Index with a total asset value of HK286.3 billion as at 30 June 2012.For more than four decades, the Group has expanded its business portfolio from a single focus on the property business to four core areas, including property, infrastructure, services and department store in Hong Kong, Mainland China and Macau. The Group is also involved in direct investment and an array of other businesses. The houses began in December 2012 and are expected to be completed in 2014.The newly developed houses is an exclusive enclave of 3-storey semi-detached houses within a gated and guarded environment. The development also features a large clubhouse that comprises a swimming pool, gymnasium, playground and function hall for a wholesome living experience. As mentioned above, the public tender in terms of the openness of the breadth of competition have greater advantages, but public tender also has some shortcomings, for example, due to the large number of bidders, generally takes a long time, it takes also more cost for the procurement of the smaller of the subject matter of the tender for public bidding is often not worth the candle; addition, some highly specialized, there are fewer potential bidders qualified to undertake, or need in a relatively short period of time to complete the task of procurement and it is not open tender. Disadvantages Of Tendering Full Play ToInvited to tender to some extent make up for these shortcomings, while relatively full play to the advantages of the tender. Other than in terms of real estate projects, in addition to general office automation equipment procurement by invitation to tender or otherwise of government procurement, the majority of real estate projects are all high-tech, complex systems engineering projects, except for a few special project funding is relatively small other than in accordance with the provisions of the bidding open tender. This show that Project a long time, suitable for the show open, just, fair competitive bidding principles to prevent and overcome the monopoly; effectively prompted the contractor to enhance competitiveness practicing internal strength, and strive to improve the quality of the project, shorten the construction period, reduce the cost, and seek conservation and efficiency, and create the most reasonable interest return; conducive to fraud prevention bidding activity operators and supervisory personnel.
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