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Standard Bidding Documents , also known as tender documents or solicitation documents , are essential tools in the procurement process. These documents communicate the intent of the procurement entity to enter into contracts with suppliers, contractors, or consultants for the provision of goods , services , or works.
It may also be called the most economically advantageous tender (MEAT). Synonymous terms are quotation review panel, bid review board or tender review committee, to name a few. A price reasonableness analysis is also done to ascertain that the price of the recommended bidder is fair given the prevailing market conditions.
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.
This requirement will later be attached by the bidder. Companies can pass the administrative stage as long as they have the Indonesian business field standard qualifications (KBLI) which are in accordance with the qualification requirements for the procurement of goods/services.
Introduction From up close, public procurement law can be seen as the set of mostly procedural rules controlling the way in which the public sector buys goods, services, and works from the market.
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