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INTERNATIONAL COMPETITIVE BIDDING Procurement of Goods Bank of Sierra Leone Procurement of Computers and Ancillary Equipment Procurement Number: BSL/MID/2013/0001/1 ISSUE DATE: 1st July 2013 1 Index
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International competitive bidding procurement is a method used by organizations to invite competitive bids from suppliers worldwide for the procurement of goods, services, or works.
Government agencies, non-profit organizations, and other entities seeking to procure goods, services, or works through a transparent and competitive process are required to file international competitive bidding procurement.
To fill out international competitive bidding procurement, organizations must follow the guidelines set by their respective procurement policies and procedures, which typically involve creating bidding documents, advertising the procurement opportunity, receiving and evaluating bids, and awarding the contract to the successful bidder.
The purpose of international competitive bidding procurement is to ensure transparency, fairness, and competition in the procurement process, ultimately leading to the selection of the best value bid for the goods, services, or works being procured.
Information such as the procurement opportunity details, bid submission requirements, evaluation criteria, contract terms, and winning bidder information must be reported on international competitive bidding procurement.
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