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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.
Risk Sharing versus Transfer Traditional Contract Management and Project Delivery methods in Public Sector often transfer risks down the chain away from the Owner to the General Contractor, and so on, down the line to Sub-Contractors. Bidders add money to bids to avoid potential losses.
Follow our advice on understanding tender technical requirements, exhibiting your expertise, avoiding common mistakes, and beating out rival bidders for these complex and demanding RFPs. Many platforms feature exclusive news on large-scale projects at the inception stages – before formal RFPs are issued.
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