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)

NPV, A brilliant UTM student at the end of his graduation is in presence of...

A brilliant UTM student at the end of his graduation is in presence of two opportunities and has to choose between them. One is a job offer with a salary of Rs15,000 per month (wit

What is the procedure of privatization, What is the procedure of privatizat...

What is the procedure of privatization? This is however; wrong to think about the procedure of privatization can act as a magic wand. An extremely recent comparative study of t

Woody, woody Develop a list of "Key Success Indicators" that could and shou...

woody Develop a list of "Key Success Indicators" that could and should have been measured on completion. Rank them in order of priority for this project.

Formulation of production specification, Specification is an important qua...

Specification is an important quality document for the product because it is here that quality fo the product as a whole is defined in precise technical terms. Although the use

Risk matrix terminology , Risk Matrix Terminology  It is a term where t...

Risk Matrix Terminology  It is a term where table used in risk analysis in which rows show the risks and columns show their likelihood (probability) of occurrence and their imp

Risk process , Risk Process  An organisation faces many risk related is...

Risk Process  An organisation faces many risk related issues. To mitigate those risks we have risk management techniques. These steps assist an organisation to mitigate risk an

Give a theoretical overview of the management of change, According to the S...

According to the Society for Human Resource Management's (SHRM) 2007 Change Management Survey Report, the top two obstacles encountered during major organizational change are commu

Global Project Management, You have been hired as the Senior Global Project...

You have been hired as the Senior Global Project Manager by the Timm Coconut Transnational Motor Corporation to manage their newly created Project Management Office. You are in c

Different strategies that lg use to manage the conflict, LG, the Managing D...

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

leadership theories, Discuss three contemporary leadership theories and ou...

Discuss three contemporary leadership theories and outline the conditions under which each of these theories is most effective.

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