Who can use this Bidding or Teaming Agreement?
Any two businesses who want to submit a tender for a contract can use this bidding agreement.
What is this teaming agreement for?
This bidding agreement is designed for two businesses that want to co-operate in tendering for a contract. If successful, one of them will be the lead contractor and the other will be a subcontractor.
What are the main issues?
Tender submission. Both parties need to agree and sign off on the tender document. This means exchanging pricing information.
Tender negotiations. The bidding agreement will specify which of them leads the negotiations and ensure that the other is kept informed of negotiations and can participate when appropriate.
Tender costs. Usually each party is responsible for its own costs. But sometimes on a large tender, another organisation will be introduced to provide support and, in that case, the costs might be shared.
Sub contract terms. Our bidding agreement provides for one of the parties to be a subcontractor to the other if the tender is successful. In consequence, the bidding agreement will set out the key terms of the sub-contract. This helps to avoid argument over these terms at the time the tender is awarded Alternatively, there may be a joint venture agreement signed if the bid is successful.
Confidentiality is clearly important because sensitive commercial information is likely to be exchanged in the bid process. And, if the bid is not successful, both parties want to protect their own confidential information and data.
What detailed terms does the agreement contain?
This five page agreement contains 10 clauses covering
- submission of tender & pre-contract negotiations
- tender preparation costs
- further agreement
- obligations and restrictions
- governing law and disputes
For more information on each of these sections, see our Explanatory Notes which you will receive when you download the document from our website.
For information on signing documents see our Contract Signing page
When I download the document, can I change it and/or use it more than once?
Yes, all ContractStore’s templates are in MS Word and you can use the contract on more than one project. For more information, watch the video on this page of our website or see our FAQs
ContractStore supplies templates and is not a law firm. But all our templates are written by experienced lawyers. In consequence, we can arrange legal assistance for customers who need special terms in one of our documents or a bespoke template. . For more information see our Legal Services page.
And if you want to contact us see our Contacts page.
If you have any questions about a contract and/or want to see the Explanatory Notes before you buy, please let us know by using our contact form