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The Problem with Bid Prices in Numbers and Words

Mike Purdy's Public Contracting

Tennessee construction attorney Matthew DeVries has described the outcome of an Alabama court case in which a bidder left out the word "thousand" in a bid price and was held to the significantly lower bid amount by the public agency. Purdy Associates, LLC [link] Copyright 2017 by Michael E. Purdy Associates, LLC - [link]

Bidding 100
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How Kazakhstan is combating non-competitive procurement

Open Contracting Partnership

In the general public procurement market (valued at around US$19 billion annually), direct awards have dropped from 81% of the value of all procedures in 2017 to 23.5% The average number of bidders per lot rose from 3.16 This undermines business confidence, leading to low competition and higher prices for goods and services.

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Is It a Bid or An RFP?

Mike Purdy's Public Contracting

Invitation to Bid: Public agencies that issue an Invitation to Bid (or a Request for a Quote) have defined a specific scope of work for which they are requesting bid prices. Making the decision of award will be based on price alone. How much is price worth? Purdy Associates, LLC [link] Copyright 2017 by Michael E.

Bidding 100
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ProcureWare Product Tip – Top 10 new features for 2017

Procureware

As a group of us were reminiscing about all the changes we’ve had in 2017, the conversation turned to how proud we are of all the product advancements we’ve made over the past year. In 2017, we added functions for tracking any kind of supplier certification that could include HIPPA, ISO, Fed RAMP, or any other.

Bidder 40
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Centralised procurement for the health care sector -- bang for your pound or siphoning off scarce resources?

How to Crack a Nut

billion target by using 2015-16 prices as its baseline. Even if prices had not reduced in any year compared with the year before, a saving was reported as long as prices were lower than that of the baseline year. As part of the procurement, bidders were asked to provide contractual savings targets for each year.

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Measuring the benefits of open contracting: Case studies on Mexico, Paraguay, and Slovakia

Curbing Corruption in Government Contracting

Following our theoretical framework, we also expect transparency effects to unfold over time with many effects arising through the help of stakeholders – journalists picking up stories based on newly available data, buyers learning about procurement markets or bidder finding new opportunities more efficiently.

Bidder 40
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Public procurement (entry for an Encyclopaedia)

How to Crack a Nut

However, as the pervasive abuses of direct awards under the emergency conditions generated by the covid pandemic evidenced in virtually all jurisdictions, dispensing with those requirements, checks and balances comes with a very high price tag for taxpayers in terms of corruption, favouritism, and wastage of public funds.