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NIT NO.: IIT(MM)/CE/1/1F/439/SC/20172018December 9, 2017INDIAN INSTITUTE OF TECHNOLOGY INDORENOTICE INVITING TENDER (Turbid System) for Procurement of Dynamic Shear Rheometer, Rebar Assessment and
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How to fill out two-bid system
How to fill out two-bid system
01
Understand the requirements and specifications of the project or procurement.
02
Prepare the necessary documents such as a bid proposal template, bid submission form, and any other required forms.
03
Identify potential bidders who can meet the project requirements.
04
Advertise the bid opportunity and provide all necessary information to interested bidders.
05
Conduct a pre-bid meeting to address any questions or concerns from bidders.
06
Allow bidders sufficient time to prepare and submit their bids.
07
Ensure that the bid submission deadline is clearly communicated.
08
Review the bids received and evaluate them based on predetermined criteria such as price, quality, and compliance.
09
Select the winning bid based on the evaluation results.
10
Notify the winning bidder and proceed with contract negotiations and finalization.
11
Communicate the results to all bidders and provide feedback if requested.
12
Maintain transparency throughout the process to ensure fairness and accountability.
Who needs two-bid system?
01
The two-bid system is commonly used by government entities, public organizations, and businesses for procurement processes.
02
It helps ensure fair competition, transparency, and accountability in the bidding process.
03
By using the two-bid system, organizations can evaluate multiple proposals and select the best bid based on predetermined criteria.
04
This system is especially useful for large projects or procurements where multiple bids need to be evaluated to make an informed decision.
05
It provides a structured and standardized process that helps reduce the risk of bias or favoritism in the selection process.
06
Overall, the two-bid system is beneficial for organizations that value transparency, fairness, and efficient procurement practices.
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