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DEPARTMENT OF PURCHASING & CONTRACT COMPLIANCE Winner 2000 2007 Achievement of Excellence in Procurement Award National Purchasing Institute Jerome Noble, Director October 23, 2007, Re: 07ITB56949BRTR
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Start by carefully reading all the instructions and requirements provided by the requesting party.
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Gather all the necessary information and documents that need to be included in the bid. This may include financial statements, previous work experience, references, and any other relevant documents.
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Who needs a referenced bid:

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Companies or organizations putting out requests for proposals (RFPs) or bids often require bidders to provide a referenced bid.
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Government agencies, including federal, state, and local authorities, frequently ask for referenced bids to evaluate the capabilities and past performance of potential contractors.
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Private companies or individuals seeking to outsource specific projects or services might also require referenced bids to assess the credibility and reliability of the bidders.
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A referenced bid is a bid that refers to another bid or proposal as a point of comparison or consideration.
Any party or individual participating in a bidding process who wants to reference another bid must file a referenced bid.
To fill out a referenced bid, one must clearly indicate the bid or proposal being referenced, provide reasons for the reference, and ensure all required information is included.
The purpose of a referenced bid is to provide additional context, comparison, or clarification for a bid or proposal being submitted.
The referenced bid must include details of the bid being referenced, reasons for the reference, and any additional information deemed necessary for proper evaluation.
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