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1STANDARD BIDDING DOCUMENTSProcurement of Goods (Above Nu. 0.250 Million)Royal Government of Bhutan Ministry of Finance April 2009(Revised July 2015)2Preface This Standard Bidding Document for the

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How to fill out competitive bidding in projects

01

Understand the project requirements and scope of work.

02

Research potential vendors or contractors for the project.

03

Create a detailed Request for Proposal (RFP) or Invitation to Bid (ITB) document.

04

Distribute the RFP or ITB to the selected vendors or contractors.

05

Set a deadline for submissions and clarify any questions or concerns from the bidders.

06

Evaluate the bids based on criteria such as cost, experience, and quality.

07

Select the winning bid and award the project to the chosen vendor or contractor.

Who needs competitive bidding in projects?

01

Government agencies

02

Publicly funded organizations

03

Large corporations with a procurement process

04

Any organization looking to ensure fair and competitive pricing for a project

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What is competitive bidding in projects?

Competitive bidding in projects is a process where interested vendors submit their bids or proposals to compete for a project contract.

Who is required to file competitive bidding in projects?

Typically, government agencies and organizations receiving public funds are required to file competitive bidding in projects.

How to fill out competitive bidding in projects?

To fill out competitive bidding in projects, vendors need to provide detailed information about their proposal, pricing, and qualifications as specified in the bid documents.

What is the purpose of competitive bidding in projects?

The purpose of competitive bidding in projects is to ensure fairness, transparency, and cost-effectiveness in the selection of vendors for project contracts.

What information must be reported on competitive bidding in projects?

Information such as the bidder's name, proposal details, pricing, qualifications, and any other requirements specified in the bid documents must be reported on competitive bidding in projects.

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