Tender guides · Written by Wallis Tenders · Reviewed 1 October 2026
A headline value needs context
The number beside a tender may be an estimate for the full contract term, include extension options, cover multiple lots or represent a framework ceiling. It is not necessarily the money available to one supplier in one year. Check the value basis and VAT wording alongside the number, then read the original notice.
A worked example
Suppose a notice describes £240,000 over three years for four service lots. Dividing by three gives £80,000 a year across the whole procurement, but it does not tell you how much any particular lot is worth. The lots may be unequal and the estimate may include options. Use the lot schedule and pricing documents rather than assuming £20,000 per lot per year.
Lots are separate parts of a procurement
A buyer may split work by area, service or another practical boundary. Check which lots you may bid for, any limit on awards to one supplier and the requirements for each lot. A smaller lot can suit a business that could not deliver the entire programme. Do not reject a notice solely because its combined value looks too large.
A framework is a route to later contracts
Frameworks set up arrangements for future orders, often called call-offs. Securing a place does not by itself establish a guaranteed income: check what, if anything, the documents commit the buyer to order. Read how later work is awarded, how many suppliers are involved and whether another competition is required.
Use value filters as a starting point
Wallis Tenders shows value and VAT context where available. Unknown values can stay in your results unless you choose to hide them. A value cap may exclude a large multi-lot notice even when one lot would suit you, so occasionally run a wider search. Always cost the actual work, risks and payment terms before bidding.
Your quick checklist
- Whole contract, annual amount or framework ceiling?
- Including or excluding VAT?
- Are extensions and all lots included?
- Is any work guaranteed, and how are orders awarded?
Further reading
Procurement rules and requirements differ between notices and jurisdictions. Use the current buyer documents and applicable official guidance for your bid.