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Recapitulation of Bids Received $$2,50025,000Requisition Number: College/Department Date: Vendor Selected: Bids were obtained in writing. The results were as follows:BidderAmountMBEWBE1. 2. 3. If

How to fill out recapitulation of bids received

How to fill out recapitulation of bids received

1. Start by gathering all the bids that have been received from vendors.
2. Create a table or spreadsheet with the following columns: vendor name, bid amount, date of bid submission, and contact information.
3. Fill in the vendor name in the first column for each bid received.
4. Fill in the bid amount in the second column for each bid received.
5. Fill in the date of bid submission in the third column for each bid received.
6. Fill in the contact information of each vendor in the fourth column for each bid received.
7. Review the recapitulation for any errors or missing information.
8. Save the completed recapitulation of bids received for future reference.

Who needs recapitulation of bids received?

1. The recapitulation of bids received is needed by project managers, procurement departments, and stakeholders involved in the bidding process.
2. It helps them have a consolidated view of all the bids received, enabling them to compare and make informed decisions on which vendor to select for the project.
3. It also serves as a record of the bidding process and can be used for auditing purposes or to provide transparency in the procurement process.

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What is recapitulation of bids received?

Recapitulation of bids received is a summary document that aggregates all bids submitted for a particular project or procurement process, detailing the key elements of each bid.

Who is required to file recapitulation of bids received?

The entity conducting the procurement process or project, typically a government agency or organization soliciting bids, is required to file the recapitulation of bids received.

How to fill out recapitulation of bids received?

To fill out the recapitulation of bids received, list all bidders, their bid amounts, any relevant conditions, and the date of submission. Ensure accurate calculations and compliance with the format provided by the overseeing authority.

What is the purpose of recapitulation of bids received?

The purpose of recapitulation of bids received is to provide a consolidated view of all bids for transparency, facilitate comparison, and assist in the decision-making process for awarding contracts.

What information must be reported on recapitulation of bids received?

The recapitulation must report the names of bidders, bid amounts, any specific conditions attached to bids, and the date each bid was received.