Bid
A formal submission by a bidder or tenderer in response to a call for tender.
Category: 3. Doing
Competitive bid
A market approach where multiple suppliers and contractors are invited to submit sealed bids to deliver goods or services.
Competitive tension
The concept that if two or more contractors are invited to bid for a tender, they are more likely to offer competitive prices or quality … Read more
Free-issue
A free-issue item is one that is provided to the supplier or contractor rather than being supplied by the contractor. It is common in … Read more
Individual contracting plan
A document created to support the tender / bid process for a work package. The plan sets out: How the package will be sourced … Read more
Market approach
The way in which a work package is to be put out to the market. Market approaches include: Competitive bid, Sole-source, and Call-off.
Pre-award
The period from when Procurement receives a direction to issue a tender to the point at which the contract is signed by both parties.
Pre-qualification
The process of assessing the capability of a contractor before inviting them to bid for a scope of work. A comprehensive pre-qualification process should … Read more
Sole-source
A market approach where only one supplier or contractor is invited to submit a bid in response to a tender. Sole-source is discouraged as … Read more
Tender
The process of calling for competitive bids to deliver goods or services.