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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 the new Procurement Act 2023: What suppliers need to know - Part 2

VWV

Suppliers may remain on this list for up to 5 years and will be unable to bid for public contracts during that time. How has the evaluation criteria changed? Under the new regulations, evaluations will now be assessed on the basis of 'Most Advantageous Tender' instead of the 'Most Economically Advantageous Tender'.

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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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Free vs. Paid Tender Portals: Which is Right for Your Business?

Tracker Intelligence

New opportunities in the public sector contracts and procurement process begin with finding the right tender opportunities. Public sector procurement information and contracts are available through both free and paid tender search engines. Thousands of contract notices are posted every week on different platforms in the UK.

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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.

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The Bid Evaluation Process

The Procurement ClassRoom

It is based on years of experience from practicing Public and Project Procurement and takes into consideration bid evaluation procedures and practices applicable under several Public and Project Procurement legal and regulatory frameworks. It may also be called the most economically advantageous tender (MEAT).

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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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