International/global competitive bidding (icb), Project Management

Steps involved for International/Global Competitive Bidding (ICB)    

Now that we are aware of the requirements of ICB, let us understand the steps involved in ICB. There can be two ways an ICB can be executed. One is with the  pre qualification and another without pre qualification. 

ICB for services with pre-qualification 

As an employer, you have to take the following essential steps: 

1.  Notify and advertise for submission of pre-qualification applications. 

2.  Issue/sale of pre-qualification documents to prospective bidders. 

3.  Collect pre-qualification applications from the prospective bidders. 

4.  Open pre-qualification applications. 

5.  Evaluate pre-qualification applications. 

6.  Prepare the list of pre-qualified bidders. 

7.  Issue the bidding document to the pre-qualified bidders. 

8.  Collect bids from pre-qualified bidders. 

9.  Evaluate the bids. 

10.  Select the lowest evaluated responsive bid. 

11.  Award the contract and sign the contract with the contractor. 

12.  Contract is accomplished by the Contractor. 

ICB for goods and services without pre-qualification 

As the employer/purchaser, you have to take following essential steps: 

1.  Notify and advertise. 

2.  Issue/sale of the bidding document to the prospective bidders. 

3.  Collect the bids from prospective bidders. 

4.  Evaluate the received bids. 

5.  Select the lowest evaluated responsive bid. 

6.  Award and sign the contract with the contractor/supplier. 

7.  Contract accomplished by the contractor/supplier.  

Posted Date: 9/27/2012 8:22:31 AM | Location : United States







Related Discussions:- International/global competitive bidding (icb), Assignment Help, Ask Question on International/global competitive bidding (icb), Get Answer, Expert's Help, International/global competitive bidding (icb) Discussions

Write discussion on International/global competitive bidding (icb)
Your posts are moderated
Related Questions
A) Hierarchical planning in Operations/Production management and types of time frames in each hierarchy. (B) Explain who role players are in each level and what they are respons

Explain the advantages AND disadvantages of having a matrix structure for managing a project. For projects that require a range of skills and involvement of staff from dissimil

Quality Standards Quality Standards form a framework that helps organisations worldwide to develop products and services in the most efficient way. A quality Standard is a norm

Risk Process  An organisation faces many risk related issues. To mitigate those risks we have risk management techniques. These steps assist an organisation to mitigate risk an


Risk Management Responsibilities   Each and every person in the project team has a responsibility of performing a particular task and must indulge in risk management process. T

Scope Work breakdown structure Gantt chart Scope cchange management Project budget Project ccash flow

S Company has been awarded the contract for the refurbishment of a local hotel. The overall timescale for the project has been agreed at 30 weeks (a high fast completion for this s

Define the role of work breakdown structure in project management software. Work breakdown structure in project management software: Project software can assist with coordin

Q. Why do projects need planning? A basic of managing projects is first to plan and then to accomplish. Obviously good project management is lots more complex as we shall see s