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)

Dimensions of business excellence, D i mensions of business excellence ...

D i mensions of business excellence Business excellence is a continuously evolving process and no organisation can be thought of as -excellent performer in all four dimension

Seven forces and the body of knowledge, T he seven forces and the body of ...

T he seven forces and the body of knowledge A root cause is a basic causal factor, which if corrected or isolated will stop recurrence of a situation .There is honest disagree

Explain about the human relations skill, Explain about the Human Relations ...

Explain about the Human Relations skill. Human Relations skill refers to the capability to work effectively along with others and build cooperative work groups to attain organi

Data input errors, Discuss the typical data input errors in project managem...

Discuss the typical data input errors in project management.

Appraisal process to help staff appreciate, KS, the Finance Manager of TZY ...

KS, the Finance Manager of TZY Company's Finance Department, is aware that it is approaching the time of year when he requirements to conduct staff appraisals. However, he is consc

Functional requirements for an exhibition management system, Question: ...

Question: (a) Consider the following quality goals and provide a way to make the goal more tangible such that it can be easily verified: ?Software should be user friendl

"simultaneous loose?tight" by Peters, Discuss the concept of "simultaneous ...

Discuss the concept of "simultaneous loose?tight" by Peters and Waterman

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

Project organisation structure, P roject organisation In this type of ...

P roject organisation In this type of organisation, the project management needs of all divisions of the company are served by a centralized separate division of skilled manag

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