Bidder Competitive Bidding IT 
The Procurement ClassRoom
NOVEMBER 16, 2024
Limited Competition : An RFQ may be restricted to the local market when the required goods or services are readily available locally. These include scenarios where only a few suppliers are known to the procurement entity or when the cost of conducting an open competitive process exceeds the value of the procurement itself.
The Procurement ClassRoom
JUNE 2, 2024
Key Functions of Standard Bidding Documents Standard bidding documents serve several critical functions: Instructions for Bidders : They guide potential bidders on how to prepare and submit their bids. Invitation to Bid : They formally invite potential bidders to submit their bids.
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The Procurement School
NOVEMBER 16, 2023
According to the Competitive Bidding Law of Canada, we can only accept compliant bids. To accept the bid would put the organization at risk of being sued by all the other 6 compliant bidders for the value of this contract of $9 million plus up to 2 years of lost profit”, the Director replied. Why not” asked the VP.
Tracker Intelligence
FEBRUARY 28, 2024
This process includes several crucial steps: tendering by the bidders, bid evaluation by the client and award of the contract to the successful bidder. An open tender means that competition is fierce but that a wide range of bids are received. For contractors to accurately bid, this is a crucial document.
Public Contracting Institute
JANUARY 31, 2024
Before making award, the 60 day bid acceptance period in the solicitation expired, but the contracting officer decided to extend the period. Instead of extending its bid (at the bid prices), Global submitted a revised bid with approximately a 2 percent price increase. Global Engineering Services, LLC, B-421866, Oct.
Tracker Intelligence
DECEMBER 16, 2024
Competition in public procurement is not limited to financial competition; it is a key source of innovation and guarantees the fair allocation of public contracts. However, a recent National Audit Office (NAO) investigation has found that there are major obstacles to competition in this sector.
The Procurement School
OCTOBER 22, 2024
The suggestions apply to all segments of competitive bidding, including the SME segments of Supplier Diversity, Indigenous and Social Procurement. These reactions can lead to strict risk management and purchasing policies with overly complicated bid documents and onerous requirements that are imposing on potential SME bidders.
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