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ANNEXUREIINOTICE INVITING ONLINE TENDERDETAILS ABOUT TENDER Department Name Circle/Division IF No. Name of Project Item No. Name of Work Item No. Estimated contract value (INR) Period of Tender Inquiry

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How to fill out bidding type

01

To fill out bidding type, follow these steps:

02

Start by understanding the purpose of the bid and the requirements of the project.

03

Research and identify potential bidders who have the expertise and capacity to fulfill the project requirements.

04

Prepare all the necessary documents and information that bidders will need to submit their bids.

05

Develop a clear and detailed bid solicitation document that outlines the project scope, timeline, evaluation criteria, and any other relevant information.

06

Advertise the bid to attract interested bidders, using appropriate platforms or publications.

07

Conduct a pre-bid conference or site visit, if necessary, to clarify any questions or concerns from potential bidders.

08

Give bidders a reasonable amount of time to prepare and submit their bids.

09

Evaluate the received bids based on the pre-defined criteria and select the most suitable bidder.

10

Communicate the bid results to all bidders and provide necessary feedback on their proposals.

11

Negotiate and finalize contract terms and conditions with the selected bidder.

12

Issue an award notification to the successful bidder and commence the contract execution process.

13

Monitor the bid performance and ensure compliance with the established terms and conditions.

14

Resolve any disputes or issues that may arise during the execution of the bid.

15

Close out the bid by completing all necessary administrative and financial processes.

16

Conduct a post-bid evaluation to identify areas for improvement and lessons learned.

Who needs bidding type?

01

Bidding type is needed by organizations or individuals who want to invite competitive proposals or bids from potential suppliers, contractors, or service providers.

02

It is commonly used in various industries such as construction, procurement, government contracting, consulting, and outsourcing.

03

By using the bidding type, the interested parties can compare different offers and select the most suitable vendor or contractor based on factors like price, quality, experience, and reputation.

04

Bidding type ensures transparency, fairness, and competitiveness in the procurement process, ultimately leading to better value for money and improved project outcomes.

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What is bidding type?

Bidding type is the method used to determine who will be awarded a contract or project based on bids submitted by interested parties.

Who is required to file bidding type?

Any individual or organization interested in obtaining a contract or project through a bidding process is required to file bidding type.

How to fill out bidding type?

Bidding type can be filled out by providing all necessary information about the project or contract being bid on, along with any additional requirements as specified by the bidding entity.

What is the purpose of bidding type?

The purpose of bidding type is to create a fair and competitive process for awarding contracts or projects to the most qualified bidders.

What information must be reported on bidding type?

Information required on bidding type may include project details, bid amount, bidder qualifications, and any additional requested documentation.

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