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
For this unit (Computer Project), you are required to plan, analyse, design, implement, test, document and demonstrate a prototype of your choice.  Once you have identified a fo

LG, the Managing Director of NWP Company, recently announced to the workforce that the Board had agreed to the establishment of a set of new working practices which should lead to

Question: (a) Explain the eight fundamental Quality Management Principles of the standard ISO 9001: 2008. (b) Explain the relevance of the various requirements in terms of M

Project management Process According to PMBoK, project management is the application of knowledge, skills, tools and techniques to project activities in order to meet or exceed

What is dummy activity in job operation of a project? Dummy Activity: All projects consist of a number of job operations or tasks that are termed as activities. An activi

Question: (a) Any project has a beginning and an end; without a formal closure process, project teams can fail to recognize the end and this can drag the project into unnecessa

Question : The process of delivering a presentation is a systematic one that involves thorough planning as well as preparation and one of the main phases is preparing the prese

D i mensions of business excellence Business excellence is a continuously evolving process and no organisation can be thought of as -excellent performer in all four dimension

P hases of value engineering process I nvestigation phase: This phase investigates the background information, the technical input reports, the field data, the functiona

Define the inventory procurement cost and inventory carrying cost. Inventory Procurement Cost and Inventory Carrying Cost: Inventory is a detailed list of such movable it