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GAIL (India) Limited (A Govt. Of India Undertaking) NOTICE INVITING TENDER INTERNATIONAL COMPETITIVE BIDDING (ICB) SUPPLY OF MOLECULAR SIEVES Bids under single stage TWO BID system are invited through
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International Competitive Bidding (ICB) is a procurement method used by organizations to invite competitive bids from suppliers and contractors on an international scale. It is typically used for large-scale projects or purchases that require a global pool of suppliers.
Organizations or entities that are procuring goods or services on an international scale and want to ensure fair competition among global suppliers are required to file International Competitive Bidding (ICB). This includes government agencies, multinational corporations, and international organizations.
Filling out an International Competitive Bidding (ICB) involves providing specific information about the project or procurement, such as project details, technical specifications, delivery requirements, evaluation criteria, and contract terms. The exact process and required forms may vary depending on the organization issuing the ICB, so it is advisable to refer to the organization's guidelines or procurement documents for detailed instructions.
The purpose of International Competitive Bidding (ICB) is to promote fair competition and transparency in the procurement process on a global scale. By inviting bids from international suppliers, organizations can ensure they receive competitive offers and have a wider pool of options to choose from, thus maximizing the value and quality of their purchases or projects.
The information required to be reported on an International Competitive Bidding (ICB) may vary depending on the organization issuing the ICB. However, typical information that may be required includes project details, technical specifications, delivery requirements, evaluation criteria, contract terms, pricing details, and any additional documentation or certificates required by the organization.
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