The Procurement School

NOVEMBER 16, 2023

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. “I Many organizations have written policies and guidelines on Ethics, but is this situation an Ethical or Moral issue?

Ethics 98

Ethics Import Procurement Public Procurement 98

The Procurement School

OCTOBER 6, 2023

Step 3 Posting Once the procurement document is developed and approved it is posted online for bidders to respond. In instances, such as a limited number of potential bidders, a complex procurement or a new or innovative concept a procurement may be posted longer to attract more bidders.

Bidder 52

Bidder Procurement Evaluation Bidding 52

The Procurement School

APRIL 22, 2024

In the above example success is measured by the bidder meeting the technical specifications, including on time delivery at or below the approved procurement value. If there is a good understanding of the number of potential bidders and their capacity this minimizes the requirement for market analysis.

Procurement 52

Procurement Market Analysis Bidder Public Procurement 52

The Procurement School

JANUARY 22, 2024

This includes clients, current vendors and unsuccessful bidders of previous similar procurements. Time to Respond Bidders should be provided with sufficient time to review the procurement document, ask questions and submit a bid. Posting for complex, unique or highly technical procurements should be increased to attract more bidders.

Procurement 40

Procurement Procurement Contracts Bidder Contract 40

The Procurement School

MAY 27, 2024

Bidders add money to bids to avoid potential losses. Responsibility Owners have an important role in the construction marketplace to be progressive and demonstrate a growth mindset while also demonstrating a duty of fairness to bidders. This risk absorption is directly reflected in bid prices.

Public Procurement 52

Public Procurement Total Cost of Ownership Collaboration Budget 52