the major steps that have to be followed in the tender procedure What is a tender? Tenders are open invitation to buy or sell goods/services/contracts. Tender usually refers to the process whereby governments and or financial institutions invite bids for large projects that must be submitted within a finite deadline. Those who are interested in supplying what has been advertised can respond to a Tender & submit their best competitive offer. The best competitive offer (Lowest Bidder or L1) is generally
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The Royal Institute of British Architects (RIBA) Plan of Work Stages The RIBA Plan of Work describes the activities from appraising the client’s requirements through to post construction. The stages are also used in the appointment of architects and help to identify consultant services and indicate the resource and fee total by Work Stage. The information below is in accordance with CABE principles (Creating Excellent Buildings: A guide for clients‚ 2003‚ CABE and Being involved in School
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Introduction 2.1 Background of the Projects The project we are going to bid is a private development‚ which to construct a 24-storey residential apartment. The form of contract that the client decided to use in the captioned project is Hong Kong Standard Form of Building Contract 2005-With Quantities‚ which is published by HKIS‚ HKIA & HKICM. The client preferred a single stage selective tendering approach and we are now going to enter the bid. 2.2 Objectives (i) Understand the procurement strategy adopted
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References: Albano‚ Gian Luigi‚ Milo Bianchi and Giancarlo Spagnolo (2007)‚ ‘Bid average methods in procurement’‚ in Gustavo Piga and Khi Thai (eds)‚ The Economics of Public Procurement‚ Basingstoke: Palgrave Macmillan‚ pp. 39–59. Albano‚ Gian Luigi and Nicola Dimitri (2008)‚ ‘Basi d’asta nelle gare per gli acquisti pubblici’‚ Rivista
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use of Microsoft Office® programs using outside providers. You are hereby invited to submit a proposal for the project described in this RFP. 1.3 Schedule Event | Date | Release of RFP | August 20‚ 2009 | Proponents give notice of intent to bid | August 24‚ 2009 | End of question period | August 26‚ 2009 | Proposal due date | August 27‚ 2009 | Finalists chosen | August 31‚ 2009 | Finalists present proposal | September 3‚ 2009 | Contract awarded | September 7‚ 2009 | Training Date
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government’s requirements clear so that businesses can submit competitive bids. Request for Proposals (RFPs) are one type of solicitation; with rising competition‚ more and more organizations are using the RFPs to compare different vendors to evaluate the best available option. A solicitation is any request to submit offers or quotations to the Government. Solicitations under sealed bid procedures are called "invitations for bids." Solicitations under negotiated procedures are called "requests for proposals
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Facts: Martin Pariag submitted a bid for the construction of a mental health hospital. The advertisement noted that bids would be assessed on the basis of price and technical competence and that the South Regional Health Corporation would not be bound to the highest or lowest tender. Martin received a letter indicating that a decision was taken to pursue discussions with the lowest bidder. Issue: Can the SRHC go against its stated criteria for bid assessment‚ that is‚ price and technical competence
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Timeline Project Team Conclusion Suggest benefits of the project and final recommendation that why it should be supported. Contact Info Request for Proposal (RFP) A request for proposal (RFP) is a document that an organization posts to elicit bids from potential vendors for a product or service. A business might draft an RFP for a custom-written computer application they wanted to outsource. The quality of an RFP is very important to successful project management because it clearly delineates
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Act 663 Public Procurement Act‚ 2003 ARRANGEMENT OF SECTIONS Sections PART I—ESTABLISHMENT OF THE BOARD 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Public Procurement Board Object of the Board Functions of the Board Membership of the Board Term of office Meetings of the Board Committees of the Board Secretariat of the Board Chief Executive of the Board Expenses of the Board Accounts and audit Financial year of the Board Annual report PART II—PROCUREMENT STRUCTURES
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Must Be Included with Bid 5 1.3. Schedule of Bid Period Activities 6 1.4. Location of Work 6 1.5. Pre-Bid Meeting 7 1.6. Owner Contact for Questions 7 1.7. Pre-Award Surveys 8 1.8. Sealed Bid Requirements 8 1.9. Basis for Bid Evaluation 9 1.10. Ethical Standards 10 1.11. Responsibility for Surety Bonds 10 1.12. Proposal Format 10 1.13. List of Bidders 12 1.14. Letter of Acknowledgment 13 2. DESCRIPTION OF WORK 13 3. PROPOSAL 15 3.1. Breakdown of Bid Price 15 3.2. Revisions
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