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STANDARD PROCUREMENT DOCUMENTPrequalification of Bidders For ICB Works (First Amendment)Issue Date: December 2009 First Amendment Date: January 2016Public Procurement Monitoring Office January 2016ForewordThis
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Prequalification of bidders is a process where potential vendors or contractors are evaluated based on their qualifications, experience, financial stability, and other criteria before being allowed to bid on a project.
All potential vendors or contractors who wish to bid on a specific project are required to file prequalification of bidders.
To fill out prequalification of bidders, vendors or contractors typically need to provide information such as company financials, project experience, references, and certifications.
The purpose of prequalification of bidders is to ensure that only qualified and capable vendors or contractors are allowed to bid on a project, thus increasing the chances of a successful project completion.
Information that must be reported on prequalification of bidders typically includes company background, financial statements, project references, certifications, and any other relevant qualifications.
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