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BIDS AND AWARDS COMMITTEE REQUEST FOR QUOTATION The Insurance Commission (IC), through its Bids and Awards Committee (BAC), invites all interested suppliers, which are registered in the Philippine

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How to fill out bids and awards committee

01

Determine the requirements and specifications for the project or procurement.

02

Create the necessary documentation such as bid forms, evaluation criteria, and terms of reference.

03

Advertise the bidding opportunity through appropriate channels.

04

Receive and review bids submitted by interested parties.

05

Evaluate bids based on the set criteria and select the winning proposal.

06

Award the contract or project to the successful bidder.

07

Document all decisions and maintain records for auditing purposes.

Who needs bids and awards committee?

01

Government agencies and public institutions that are involved in procurement processes.

02

Organizations looking to select vendors or contractors for projects through a competitive bidding process.

03

Businesses seeking to participate in government tenders and contracts.

04

Any entity that wants to ensure transparency and fairness in the procurement and awarding of contracts.

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What is bids and awards committee?

The Bids and Awards Committee (BAC) is responsible for evaluating bids and proposals for government projects and determining the winning bidder based on set criteria.

Who is required to file bids and awards committee?

Government agencies and entities procuring goods or services through a public bidding process are required to have a Bids and Awards Committee.

How to fill out bids and awards committee?

To fill out a Bids and Awards Committee, the committee must review all submitted bids, evaluate them based on pre-set criteria, and select the winning bidder.

What is the purpose of bids and awards committee?

The purpose of the Bids and Awards Committee is to ensure a fair and transparent bidding process in government procurement.

What information must be reported on bids and awards committee?

The Bids and Awards Committee must report on the bidding process, evaluation criteria, winning bidder, and any discrepancies or issues that arose during the bidding process.

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