International/global competitive bidding (icb), Project Management

Assignment Help:

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.  


Related Discussions:- International/global competitive bidding (icb)

What is critical path in job operation of a project, What is critical path ...

What is critical path in job operation of a project? Critical Path: This is that sequence of activities that decide the total project duration. This Path is formed throu

Inventory and stores control, 1. Inventory  and Stores Control : Inventor...

1. Inventory  and Stores Control : Inventory  control is  a systematic procedure  for  ensuring  the  availability  of items necessary to meet the  production  requirements  at o

Project risk manager , Project risk manager  As the project manager man...

Project risk manager  As the project manager manages the project, the project risk manager manages the project risks in the similar way. The responsibilities of project risk ma

Components of strategy, Components of Strategy Strategy has four basic ...

Components of Strategy Strategy has four basic components: Scope: which refers to the position the firm wants to have in relation to its environment. Resource deploym

Policy statement, Policy Statement Policy statements are necessary to c...

Policy Statement Policy statements are necessary to clarify intentions, describe the policy administration process and define policy particulars. Policy statements protect an o

Line balancing., What do you understand by "line balancing"?

What do you understand by "line balancing"?

System engineering and deployment of Envirobat, i need a 5000 words report,...

i need a 5000 words report, i have already submitted a project plan from a material. i want report from already available material and some portion from yours as well.

Advantages of three dimensional models, Advantages of Three Dimensional Mod...

Advantages of Three Dimensional Models Layouts made of models are easier to understand by laymen. It is easy to explain to the management. Models can be shifted eas

Effect of the organisational values in individual behavior, The individual ...

The individual is a central feature of organisational behavior and a necessary part of any behavioral situation. According to the study findings, that organisational value has help

Enterprising management, Hi dear my presentation is ready I need to do my B...

Hi dear my presentation is ready I need to do my Business Plan on it for 2500 words.. can u do it please

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