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Standard Bidding Documents , also known as tender documents or solicitation documents , are essential tools in the procurement process. These documents communicate the intent of the procurement entity to enter into contracts with suppliers, contractors, or consultants for the provision of goods , services , or works.
It may also be called the most economically advantageous tender (MEAT). Synonymous terms are quotation review panel, bid review board or tender review committee, to name a few. The best offer recommended as a result of bid evaluation is referred to as the lowest responsive evaluated bid.
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