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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 Tender for Private Sector Contracts

Tracker Intelligence

Though private and public sector tenders may share similarities, there are key differences between each of them that can make things challenging for business owners who are not fully prepared or equipped with the necessary knowledge or resources. To find private sector tenders through Tracker Intelligence is a seamless process.

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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 Standard Bidding Documents in Public Procurement

The Procurement ClassRoom

Introduction This article is based on the review of standard bidding documents from several organizations including the World Bank , Millennium Challenge Corporation , the Public Procurement and Concession Commission of the Republic of Liberia , and Public Procurement Authority of Ghana. Goods : Documents used for procuring physical items.

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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. It takes into account components like Cost, Quality, and Technicality of various bid proposals while deciding a contract award.