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1CANARA BANK HEAD OFFICE, BENGALURUOFFER DOCUMENT FORGIVING OF PREMISES UNDERGO BID Systemized By: Premises & Estate Section Circle Office Bhubaneswar Plot No 1556(P),1561(P), Jaguar, PO Dhaulagiri

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How to fill out two- bid system

01

Understand the project requirements and scope to determine the items being procured.

02

Create a bid package including all necessary documents such as the invitation to bid, specifications, terms and conditions, and bid forms.

03

Send out the bid package to at least two potential suppliers or contractors.

04

Set a deadline for bids to be submitted and make sure all bidders are aware of the timeline.

05

Review the bids received, comparing prices, qualifications, and other relevant factors.

06

Select the winning bid based on the evaluation criteria outlined in the bid package.

07

Notify all bidders of the decision and proceed with awarding the contract to the chosen supplier or contractor.

Who needs two- bid system?

01

Government agencies looking to ensure fair and competitive bidding processes.

02

Companies seeking to get competitive pricing for goods or services.

03

Organizations wanting to avoid bias or favoritism in the procurement process.

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What is two- bid system?

The two-bid system is a procurement method where two separate bids are required from suppliers or contractors to ensure competitiveness and transparency in the bidding process.

Who is required to file two- bid system?

Government agencies and organizations that follow procurement regulations are required to use the two-bid system for purchases or contracts above a certain threshold.

How to fill out two- bid system?

To fill out a two-bid system, suppliers or contractors need to submit two separate bids containing their proposals, pricing, and other relevant information as per the bidding requirements.

What is the purpose of two- bid system?

The purpose of the two-bid system is to promote competition, transparency, and fairness in the procurement process by ensuring that the best offer is selected through a competitive bidding process.

What information must be reported on two- bid system?

The two-bid system requires suppliers or contractors to provide detailed information about their proposals, pricing, qualifications, and any other relevant details as specified in the bidding documents.

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