Bidding , Project Management

Assignment Help:

Bidding is a process in which you  quote money in exchange of goods or services through an auction. They are two types of auctions: open auction and silent auction. In an open auction, interested parties compete for acquisitions by offering a higher bid than the offer that is currently on the table and higher than the competitive bidders. In silent auction, there is no quote on table; the quoted bid is the maximum price that the bidder is willing to pay for the goods or services.  

The most widely used methods of bidding are as follows: 

  •   International/Global Competitive Bidding (ICB). 
  •   Limited International Competitive Bidding (LIB). 
  •   National Competitive Bidding (NCB).  

Related Discussions:- Bidding

Development of an organisation's culture, Organisational culture is an sign...

Organisational culture is an significant concept since it impacts on most aspects of organisational life and the way in which work is performed. Every organisation will have its ow

Caselet, what are the objective of the project alignment session program?

what are the objective of the project alignment session program?

How do i best control cost, Q. How do I best control cost? Several peop...

Q. How do I best control cost? Several people think that they are controlling cost when they approve invoices or sign cheques. In fact the cost is already long since committed

Discuss the fundamental differences between qa and qc, Discuss the fundamen...

Discuss the fundamental differences between QA and QC and give examples of usage of each methodology - The notions of QC (Quality control) and QA (Quality Assurance) are deeme

Benefits of Group Technology, Benefits of Group Technology 1.Reduced F...

Benefits of Group Technology 1.Reduced Flow Times: Compared to the earlier process layout, there are very few halts. Hence flow times are reduced considerably. 2.Process Tim

Why is necessary to plan an is project in detail before work, Give three re...

Give three reasons why this is necessary to plan an IS project in detail before starting work on this. Only the simplest projects that probably imply one developer working for

Advantages of procedures-planning function, Advantages of Procedures 1) P...

Advantages of Procedures 1) Procedures enhance efficiency. The sequence of steps for any operation have been laid out in advance and one only needs to follow the analysis to proc

Tools for collecting data, T ools for collecting data Improper or inco...

T ools for collecting data Improper or incomplete collection of data is a fundamental error which has an effect on all the subsequent actions. Data may be collected at the tim

Principles of success for the project manager, Principles of Success for th...

Principles of Success for the Project Manager Project  managers  always  hire  the  best  people  available  and  then  do whatever it takes to keep the project up and running.

Types of sampling risks, T y pes of Sampling Risks A guarantee that e...

T y pes of Sampling Risks A guarantee that every defective item in a lot would be found cannot be stated by neither sampling nor 100% inspection, 100% inspection has the risk

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd