Source: https://tendernation.io/opportunities/01a13c03-2ce5-7271-a06b-0999ae024340/chl-insulation-1516 closed GB open procedure Suitable for SMEs # CHL Insulation 15/16 [Cornwall Housing Limited](https://tendernation.io/buyers/cornwall-housing-limited) Estimated value £100,000 Published 22 Sept 2015 Deadline Closed 12 Oct 2015 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Small contract value Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender NEC3 Option C (Target Cost) based improvement of insulation provision (external wall; internal wall; loft and cavity wall) in social housing properties. This includes the extraction of defective cavity wall insulation. Using the ‘Option C: Target Cost with Activity Schedule’ pricing option allows the Contractor and Employer to share most of the financial risks and rewards involved in undertaking the works. In this case the risks and rewards derive from the difference between what the Contractor has included in the Tendered Total of the Prices in the activity schedule at RFQ stage and the actual cost for the work carried out to achieve what is required by the Works Information and all other contract documentation. The share of the financial risks and rewards is done via the ‘Contractor’s share’. The Contractor’s share is the difference between the total of the Prices (the target cost) and the Price for Work Done to Date (the actual cost). The target costs are set at RFQ stage and adjusted if there are any accepted compensation events. The Price for Work Done to Date is the Defined Cost plus the Fee. This forms the actual cost. The Price for Work Done to Date (actual cost) is what is submitted at each payment application. For this contract the Price for Work Done to Date corresponds directly to what is carried out on site. Populate ‘CHLHIP\_EN00001\_AS’ with the Prices to complete each activity as specified in the contract documents i.e. the Defined Cost plus the Fee to complete all the works necessary to complete each activity as specified in the contract documentation. The sum of the individual activities makes the Tendered Total of the Prices. Not all properties require every activity to be undertaken. It is indicated in ‘CHLHIP\_EN00001\_AS’ what activities are to be undertaken to what properties. In some cases other documents are referenced which included further Works Information. Some of these referenced documents are property-specific whereas others are generic. Read full description ## CPV classification Thermal insulation work Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/cf630b91-adc8-11e6-9901-0019b9f3037b) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. 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