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Internal Bid Tabulation Form Specification: B0026572 Project: Sycamore Towers Emergency Generator Replacement Due: Wednesday, February 13th, 2019 2:00 PM Indiana State University Purchasing Department

How to fill out internal bid tabulation form

How to fill out internal bid tabulation form

1. To fill out the internal bid tabulation form, follow these steps:
2. Start by entering the name of the project and the date at the top of the form.
3. List all the vendors or suppliers who have submitted bids in the appropriate section.
4. Next to each vendor's name, record the bid amount they have quoted for the project.
5. Include any additional information such as the duration of the bid validity or any specific terms and conditions associated with each bid.
6. Calculate and record the total bid amount for each vendor.
7. Analyze the bids based on factors such as price, quality, reputation, and past performance.
8. Determine the best bid by evaluating the overall value offered by each vendor.
9. Record the selected vendor's name and the reason for choosing them, if applicable.
10. Obtain approval or sign-off from the relevant authorities, if required.
11. Keep a copy of the filled-out bid tabulation form for future reference or documentation purposes.

Who needs internal bid tabulation form?

1. The internal bid tabulation form is typically used by organizations or departments involved in procurement processes.
2. This includes procurement teams, purchasing departments, project managers, or any personnel responsible for evaluating and comparing bids from different vendors or suppliers.
3. The form helps in objectively assessing and comparing bids to make informed decisions regarding vendor selection and procurement.

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