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What is a Tender in Construction? Your Essential Guide

Tracker Intelligence

Introduction to Construction Tenders Securing lucrative contracts in the dynamic engineering and construction industry requires an understanding of the tendering process. A formal call for bids on a project, known as a tender, initiates the bidding process among prospective contractors.

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How To Win Management Consultancy Tenders In 2024?

Tracker Intelligence

Winning management consultancy contracts via competitive tender can be lucrative yet challenging. This article provides a comprehensive guide for consultancies on improving their chances of success when bidding for management consulting tenders, whether from government entities, NGOs, or private sector companies.

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Understanding Minor Deviations in Public Procurement

The Procurement ClassRoom

Throughout my career as a procurement practitioner, I have never seen bids submitted that are perfectly responsive to the evaluation criteria or requirements specified in the solicitation documents. Thus, deviations from the evaluation requirement could either be material/major or immaterial/minor.

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Did you use AI to write this tender? What? Just asking! -- Also, how will you use AI to deliver this contract?

How to Crack a Nut

Second, there is the issue of tenderers using (generative) AI to write or design their tenders. Third, there is the issue of the use of AI by contracting authorities, eg in relation to qualitative selection/exclusion, or evaluation/award decisions. First, there is the issue of buying AI-based solutions or services.

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Did you know many Procurement Team in govt use MEAT as part of evaluation?

Tendersinfo

Most Economically Advantageous Tender (MEAT) is the measure for selecting the best out of the incoming bids based on factors that are related to the subject matter of the contract. This criterion of selecting the tender was announced by European Parliament in January 2014. Tender Evaluation is done as an aggregate of both aspects.

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Slowing Down Public Sector AI Adoption -- guest post by Saema Jaffer

How to Crack a Nut

This guest post by Saema Jaffer* explores the policy approaches that can be followed in the UK, and elsewhere, in relation to the use of AI in the writing and evaluation of tender documents. AI EVALUATIONS I am absolutely eavesdropping at this point and think: “now there’s a terrible idea!” Was it simply the evaluation question?

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Understanding Standard Bidding Documents in Public Procurement

The Procurement ClassRoom

Standard Bidding Documents , also known as tender documents or solicitation documents , are essential tools in the procurement process. 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.