Remove Competitive Bidding Remove Demand Remove Transparency
article thumbnail

How was 2020 for a Bid Manager?

Tendersinfo

With the rising number of cases, governments eased out procurement rules and called out for suppliers to fulfill the overwhelming demand for masks, PPE kits, and other protective gear. Many businesses even changed their product line to fulfill the demand of the global healthcare sector.

Bidding 52
article thumbnail

What is a Tender in Construction? Your Essential Guide

Tracker Intelligence

Customers may select the best offer from submitted tenders based on quality, price, and terms thanks to its transparency, equity, and efficiency of the tender process. The goal of the competitive tender procedure is to encourage fairness and objectivity so that the clients can evaluate bids in a comparable way.

Tender 52
article thumbnail

Mastering SAM Government Contracting

Select GCR

Learn the ins and outs of maintaining compliance, crafting a competitive bid, and positioning your business for growth through federal opportunities, all through the lens of SAM’s pivotal role in government procurement. Failure to comply can result in penalties, including fines or suspension from federal contracting opportunities.

article thumbnail

Understanding Contract Types Government Agencies Use

Select GCR

Special groups such as minority-owned and women-owned businesses can compete for government contracts through targeted programs that may limit competition to enhance their chances at fair and competitive bidding.

article thumbnail

When should procurement be outsourced?

The Procurement School

Their CFO is required to ensure value for money and compliance with competitive bid laws. Due to workload demands, internal procurement staff have limited ability to provide timely input on projects which are running concurrently. Outsourcing deliberations demand a measured business case. Outsourcing is a logical option.

article thumbnail

Winning Strategies for the Aspiring Government Contractor

Select GCR

Complying with federal bid submission regulations includes not making contributions to political parties or candidates during specific times in the contracting process. A competitive bid proposal contains relevant construction specifications, project requirements, and complies with RFP guidelines including contract type and delivery method.