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BID TABULATIONSignaturePROJECT: 2016 COUNTY OVERLAY AND ADA PROGRAM PROJECT NUMBERS: RC1267, RC7303, RR6136, RR6181, RR6138, RR6244, RR48828, RR7856, RR6178, RR6245, RR6247, RR6139, RR6140,Calculated

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How to fill out bid tabulation

How to fill out bid tabulation:

01

Start by gathering all the necessary information: This includes the names of the bidders, their contact details, the bid prices, and any additional information that may be relevant for evaluating the bids.

02

Create a spreadsheet or a table to organize the information: Use software like Microsoft Excel or Google Sheets to create a detailed table where you can input and compare the bid information. Make sure to include columns for the bidder's name, contact details, bid price, and any other relevant criteria.

03

Input the bid information: Carefully enter each bidder's information into the table. Double-check for any errors or missing data. It's important to accurately record the details to ensure an objective evaluation of the bids.

04

Evaluate the bids based on predetermined criteria: Set criteria against which you will evaluate the bids. This may include factors such as price, quality, experience, delivery time, or any other specific requirements for your project. Assign weights or scores to each criterion to prioritize their importance in the evaluation process.

05

Calculate the total or weighted scores: Once you have entered all the bid information and evaluated the criteria, calculate the total or weighted scores for each bidder. This will help you identify the highest-scoring bids and make an informed decision.

06

Determine the winning bid: Based on the evaluation and scores, determine the winning bid. Consider not only the total scores but also any specific requirements or preferences your organization may have. It's important to consider both the quantitative and qualitative aspects of the bids before making a final decision.

Who needs bid tabulation:

01

Procurement departments: Bid tabulation is essential for procurement departments as it helps them evaluate and compare bids to select the most favorable option for their organization.

02

Contracting authorities: Contracting authorities involved in public procurement or government contracts often require bid tabulation to ensure transparency and fairness in the evaluation process.

03

Project managers: Project managers rely on bid tabulation to assess and select the most suitable bid for their specific project requirements. It helps them make informed decisions and choose the best vendor or contractor for successful project execution.

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