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)

Preliminary design, Having given the guidelines in the form of design s...

Having given the guidelines in the form of design specifications the designer should be given a free hand in developing the preliminary design of the product. However i

Good project planning, Over the years, E has had a number of business succe...

Over the years, E has had a number of business successes in the building trade and property development. Her latest venture is to build a hotel in YX town. E has already gained the

Aggregate planning, Aggregate planning is an operational method that does ...

Aggregate planning is an operational method that does an aggregate plan for the production procedure, in advance of 2 to 18 months, to provide an idea to management as to what amo

PROJECT CHARTER, GIVE ME AN EXPAMPLE OF A PROJECT CHARTER.

GIVE ME AN EXPAMPLE OF A PROJECT CHARTER.

The Roles and responsibilities of a project manager, what are the Roles an...

what are the Roles and responsibilities of a project manager in the construction sector

What is working of definition phase in project management, What is the work...

What is the working of definition phase in the project management? Definition phase: After the project plan that developed into the initiation phase, has been approved, a

What is the rationale behind the concept of earned value, Question: (a)...

Question: (a) What are the checks/actions to be carried out in a project monitoring meeting? (b) What is the rationale behind the concept of "earned value" in project moni

Peril database, PERIL Database   The Project Experience Risk Information...

PERIL Database   The Project Experience Risk Information Library (PERIL) is a database, which provides a basis for the analysis of high-tech project risk.  A project can have

Techniques of project management tools, Over the years, E has had a number ...

Over the years, E has had a number of business successes in the building trade and property development. Her latest venture is to build a hotel in YX town. E has already gained the

Risk managemet, How do I create a risk management plan

How do I create a risk management plan

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