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)

Processes as production systems, Processes as Production Systems A ...

Processes as Production Systems A production system refers to how an organization   organizes material flow using different process technologies. There are five major types

National competitive bidding (ncb) , Steps for National Competitive Bidding...

Steps for National Competitive Bidding (NCB)  Similar to ICB, we have two ways involved in NCB: one with pre-qualification, another without prequalification. Steps for NCB are

Elaborate those stages in a project life cycle, QUESTION (a) The projec...

QUESTION (a) The project organization structure clearly identifies the relationship between project team members through defining their duties, responsibilities and lines of au

Risk managemet, How do I create a risk management plan

How do I create a risk management plan

Roles of b as the project sponsor and r, DG Company has made a significant ...

DG Company has made a significant investment in a project to develop a new client management IT system, which when implemented should help give the company a competitive edge.  How

Case let, Do you think Acorn’s solution was good? Why or why not?

Do you think Acorn’s solution was good? Why or why not?

Kaizen, what is a benefit of a kaizen event?

what is a benefit of a kaizen event?

Histograms, H i stograms Histograms show a visual summary of the data...

H i stograms Histograms show a visual summary of the data, which is simple to understand. Raw data is difficult to understand and a pictorial representation helps to understa

What is organisation structure in frame work of authority, What is organisa...

What is organisation structure in frame work of authority and responsibility? Organisation Structure: This structure is the systematic arrangement of the people working f

Verification and validation process, Verification is the process by which o...

Verification is the process by which one can ensure that a model is performing as expected or intended. The process of verification is a challenging one for the project concerned a

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