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INTERUNIVERSITY ACCELERATOR Center (An Autonomous Center of UGC) Arena USAF Ali Mary, New Delhi110 067 NOTICE INVITING TENDER NO: IAC/NIT/11/HAD/201920Dated: 15/05/2019Instructions for Online Bid

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How to fill out technical and financial bids

01

Read the bid documents carefully and understand the requirements.

02

Gather all necessary information and documentation for the technical and financial aspects of the bid.

03

Fill out the technical bid form by providing detailed information about your company's capabilities, experience, and qualifications in the relevant field.

04

Fill out the financial bid form by submitting your proposed budget, pricing, and any other financial information required.

05

Double-check all entries for accuracy and completeness before submitting the bids.

Who needs technical and financial bids?

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What is technical and financial bids?

Technical and financial bids are documents submitted by companies or individuals in response to a request for proposal (RFP) or invitation to bid (ITB). The technical bid typically contains information about the bidder's qualifications, experience, and proposed solution, while the financial bid includes pricing and cost details.

Who is required to file technical and financial bids?

Any company or individual that wishes to compete for a contract or project that requires a formal bidding process is required to file technical and financial bids.

How to fill out technical and financial bids?

Technical and financial bids should be filled out according to the instructions provided in the RFP or ITB document. Bidders must provide accurate and detailed information about their qualifications, experience, solution, and pricing.

What is the purpose of technical and financial bids?

The purpose of technical and financial bids is to allow the evaluation committee to assess the qualifications, experience, proposed solution, and pricing of each bidder in order to select the most suitable candidate for the contract or project.

What information must be reported on technical and financial bids?

Technical bids must include information about the bidder's qualifications, experience, and proposed solution. Financial bids must include pricing and cost details.

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