Bid
A formal submission by a bidder or tenderer in response to a call for tender.
A formal submission by a bidder or tenderer in response to a call for tender.
A market approach where multiple suppliers and contractors are invited to submit sealed bids to deliver goods or services.
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
The precursor to the procurement and contracting plan. A formal statement of how the whole project will be structured from the perspective of the … Read more
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
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
A requirement or an expectation that goods or services should be sourced locally by a business or project. The definition of local varies widely, … Read more
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.
The period from when Procurement receives a direction to issue a tender to the point at which the contract is signed by both parties.
A formal document and/or schedule that: Lists all of the individual work packages required to deliver a project scope, Summarises the market approach and other … Read more
The process of calling for competitive bids to deliver goods or services.
A line item on a procurement and contracting plan. A work package has a defined scope of work that can be awarded to a single … Read more