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)

Management of utilities for a estate complex, Question 1: (i) What are...

Question 1: (i) What are the various aspects you would consider while planning to build a new international airport? (ii) With relevant arguments discuss the necessity or

Robotic painting system project, L Company, a manufacturer of family cars, ...

L Company, a manufacturer of family cars, has invested in a robotic painting system for its cars Ensuring the right quality of paintwork on each car is a critical success factor fo

Find critical path and project duration, 1. Explain the concept involved in...

1. Explain the concept involved in operations strategy and the emerging trends in the area of Operations Management. 2. Draw the network. Find critical path and project duration

Assessing Infrastructure Project-Related Risks, The Three Gorges Dam is pot...

The Three Gorges Dam is potentially one of the largest, if not the largest infrastructure projects completed in the 21st century. Clearly, there were a number of key risks that the

Technique to reduce error and increase customer satisfaction, Question: ...

Question: (a) The National Printing Company has been losing customers and orders due to various delays and errors. The Company wants to identify the problems that might be con

Project financing, Comparison between dept finance and ordinary share capi...

Comparison between dept finance and ordinary share capital

Risk management, how do I create a risk management plan

how do I create a risk management plan

Steps of project manager to enhance likelihood of project, Ideally, the nee...

Ideally, the need for an IS project would be given in some detail before planning begins. When the requirement is not detailed adequate, what steps can the project manager take to

Describe the main risks to which development projects, Question: (a) P...

Question: (a) Projects are widely known for their tendency to run late and over-budget. (i) Choose an organization of your choice and briefly describe the main risks to

What are the questions of the initiation phase, What are the questions of t...

What are the questions of the initiation phase? Questions to be answered in the initiation phase include the given as: • Why only project management? • Is this feasible?

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