The Procurement ClassRoom

NOVEMBER 16, 2024

Similarly, crises like the COVID-19 pandemic or the Ebola Virus Disease outbreak, which disrupts supply chains and markets, may call for specific procurement strategies. Limited Competition : An RFQ may be restricted to the local market when the required goods or services are readily available locally.

Procurement 105

Procurement Competitive Bidding Bidding Supplier 105

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.

Ethics 98

Ethics Import Procurement Public Procurement 98

Tracker Intelligence

DECEMBER 16, 2024

Yet, limited competition in the procurement landscape can be disastrous. Without competitive bidding, prices go up, and the quality of goods and services languishes. Additionally, this lack of diversity in supply chains can lead to overreliance on a few select suppliers.

Public Procurement 52

Public Procurement Procurement Tender Framework Agreement 52

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. Project Commencement – Work begins according to the agreed schedule.

Tender 52

Tender Bidding Bidder Competitive Bidding 52