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RICS Training Session 03 - Procurement and Tendering Chapter 01  

Midhun Suvarnan-  Quantity Surveying world
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The tendering process is a structured procedure used to procure goods, services, or construction work from suppliers or contractors. It is designed to ensure fairness, transparency, and competitiveness in awarding contracts. Here’s an overview of the key stages and steps involved in the tendering process:
**1. Preparation of Tender Documents
Scope of Work: Define the project or procurement requirements, including technical specifications, scope of work, and deliverables.
Tender Documents: Prepare comprehensive tender documents, including:
Invitation to Tender (ITT): An invitation to potential bidders detailing the project, requirements, and submission guidelines.
Instructions to Bidders: Guidelines on how to prepare and submit bids, including deadlines and submission formats.
Specifications and Drawings: Detailed technical requirements and project drawings.
Contract Terms and Conditions: Terms and conditions that will govern the contract, including payment terms, performance standards, and dispute resolution mechanisms.
Bid Forms: Forms for bidders to complete, including pricing, qualifications, and other required information.
**2. Advertisement and Invitation to Tender
Public Announcement: Advertise the tender to reach potential bidders. This may be done through newspapers, trade journals, websites, or other relevant platforms.
Invitation to Tender: Send invitations to selected contractors or suppliers, or make the tender publicly available if an open tender is being used.
**3. Pre-Tender Meetings and Clarifications
Pre-Tender Meeting: Hold a meeting with prospective bidders to clarify any questions about the tender documents and project requirements.
Clarifications: Provide responses to queries from bidders to ensure they have the necessary information to submit accurate and competitive bids.
**4. Submission of Bids
Bid Preparation: Bidders prepare their proposals, including technical and financial aspects. This may involve detailed cost estimates, project plans, and qualifications.
Bid Submission: Bidders submit their completed tenders by the specified deadline. Submissions are typically sealed to maintain confidentiality.
**5. Opening of Bids
Bid Opening: Open the bids in a formal process, often in the presence of representatives from the organization and the bidders. The process is conducted transparently to ensure fairness.
Bid Opening Record: Record the details of each bid, including the bidder’s name and bid amount. This record is typically made available to all bidders.
**6. Evaluation of Bids
Technical Evaluation: Assess the technical aspects of each bid to ensure they meet the project requirements and specifications. This may involve reviewing methodologies, experience, and compliance with technical standards.
Financial Evaluation: Review the financial aspects of each bid, including pricing, cost breakdown, and payment terms. Evaluate the cost-effectiveness and value for money.
Bid Comparison: Compare bids based on predefined criteria, such as cost, quality, and contractor qualifications. This may involve scoring or ranking the bids.
**7. Award of Contract
Contract Award: Select the winning bidder based on the evaluation results. The award is usually made to the bidder offering the best value for money, considering both technical and financial aspects.
Notification: Notify the successful bidder and other participants of the outcome. Provide feedback if required.
Contract Signing: Finalize and sign the contract with the successful bidder, including any required guarantees or bonds.
**8. Post-Award Activities
Contract Management: Monitor and manage the contract to ensure compliance with terms and conditions. This includes overseeing project progress, quality, and performance.
Performance Review: Evaluate the performance of the contractor or supplier throughout the contract period and address any issues that arise.
Final Account and Closeout: Complete any final accounting, settle payments, and close out the contract once all obligations are fulfilled.

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18 сен 2024

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