What does "total cost downward floating method" mean?

The total price downward floating method refers to the bidding method adopted by bidders to improve the winning rate by reducing the price by a certain margin after normal billing calculation. Also known as "total price downward bidding method"

The bid-winning method of total price downward floating refers to that the tenderer discloses the project budget and the bid-winning price at the same time when releasing the tender information announcement and tender documents. Bidders must promise the bid-winning price determined in the bidding documents in the bidding documents, and meet the bidding qualification conditions and substantive requirements specified in the bidding documents. When evaluating and winning the bid, the notary office randomly selects from the bidders who have passed the bid evaluation.

The specific steps are as follows:

1, the tenderee prepares the tender documents, the project budget and studies and determines the bid-winning price. The tender documents shall not require the bidder to prepare the construction plan and bill of quantities quotation; The bid-winning price shall be reasonably determined with reference to the scope specified in the Reference Table for Reasonable Interval of Bidding Quotation (see Annex 1 for details), and the downward fluctuation range of the total price can be determined by random sampling for emergency projects.

2. The tenderee applies for bidding, and publishes the bidding information announcement according to law after examination and filing.

3. After obtaining the bidding information, the bidder goes to the window of the county bidding service center to purchase the bidding documents, project budget, construction drawings and other information needed for bidding.

4. The bidder will inspect the project site by himself within the specified time and raise bidding questions, and the tenderee will clarify, modify or supplement the bidding documents.

5. The bidder prepares the bid documents, and goes through the formalities of enterprise filing, entry trading certificate and payment of bid bond.

6. When submitting the bidding documents, the bidder must promise the bid-winning price specified in the bidding documents, and meet the bidding qualification conditions specified in the bidding documents and the substantive requirements such as time limit, quality, construction progress, and construction force allocation.

7. The tenderer shall organize the bid opening and evaluation, and review the qualifications of bidders and bid documents.

8. The notary office randomly draws lots among the qualified bidders after bid evaluation to produce the proposed winning bidder and the winning candidate.