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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 requirements and specifications of the project that is being bid on.

02

Research and identify potential suppliers who can fulfill the project requirements.

03

Prepare and send out the bid documents to the selected suppliers, detailing the project specifications and requirements.

04

Provide a deadline for the suppliers to submit their bids.

05

Evaluate and compare the bids received from the suppliers based on factors such as cost, quality, and timeline.

06

Select the winning bid based on the evaluation criteria and award the project to the chosen supplier.

Who needs two- bid system?

01

Government agencies looking to procure services or goods from suppliers in a fair and transparent manner.

02

Construction companies seeking competitive bids for projects to ensure cost-effectiveness and quality.

03

Large organizations with complex procurement needs that require multiple bids to compare and select the best supplier.

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What is two- bid system?

The two-bid system is a procurement method where bids are submitted in two separate parts: a technical proposal and a financial bid.

Who is required to file two- bid system?

Organizations that are seeking to procure goods or services through competitive bidding processes are typically required to file under the two-bid system.

How to fill out two- bid system?

To fill out the two-bid system, a bidder must prepare and submit a technical bid that details their capabilities and qualifications, followed by a separate financial bid that outlines the pricing.

What is the purpose of two- bid system?

The purpose of the two-bid system is to ensure that the evaluation of technical qualifications is separate from the financial proposals, allowing for a fairer and more objective selection process.

What information must be reported on two- bid system?

The two-bid system must include details such as technical specifications, qualifications, financial offers, and any relevant supporting documentation.

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