Tendering and Contracting
How business carries out tendering and contracting
How They Carry Out Tendering and Contracting:
Secondly, advertising the offer, it contains requirements and operation needed for carrying out the role. The business will publish tender documents to those organisation that replied.
Thirdly, selection criteria, they will submit pre-qualification questionnaire. It consists question like the specifications and details of the organisation e.g. financial information, business exercises etc... This is used to know more about the background of the organisation. They will determine and assess the pre-qualification questionnaire and judge a score . It will be scored most economically advantageous tender.
Fourthly, awarding criteria, succession at pre-qualification questionnaire applicants will be notified. The invitation to tender is when the organisations will be invited to tender for a contract. Then the tender documents will be submitted and finally scored.
Lastly, either the contact is awarded or further assessment to the applicants by telling them to make a presentation, it will be then short-listed and the contract is awarded to the best applicant that gratify the organization needs.
The winning bidder should be selected through a fair process and the contract must be awarded efficiently and successfully