The Procurement ClassRoom

APRIL 24, 2016

During the bidding process, it is customary to require interested bidders to provide a bid security or bid securing declaration along with their bid. What is a bid security? A bid security may be a fixed monetary sum or a percentage of the bid price, usually less than 5%.

Bidding 40

Bidding Bidder Price Procurement 40

The Procurement ClassRoom

OCTOBER 14, 2019

Public procurement legal and regulatory framework (also called the procurement rules) in a country includes the constitution of the country, national procurement policies/laws, regulations, organizational procurement policies and the standard bidding documents. What is Procurement Legal and Regulatory Framework?

Public Procurement 52

Public Procurement Procurement Tender Bidding 52

The Procurement ClassRoom

JUNE 21, 2015

Such delays may damage the Procuring Entity ’s reputation and are a waste of scarce public resources; additionally, contracts are not awarded on time and this results in poor delivery of public goods and services. They are also needed to prepare the solicitation (bidding/ tender ) documents.

Public Procurement 40

Public Procurement Procurement Bidder Tender 40