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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 Bhubaneswar

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How to fill out two- bid system

01

Create detailed specifications for the project or service being bid on

02

Reach out to potential bidders to inform them of the opportunity

03

Set a deadline for submitting bids

04

Review and evaluate the bids based on criteria such as price, quality, and timeline

05

Select the winning bid and notify the bidder

Who needs two- bid system?

01

Government agencies looking to award contracts in a fair and transparent manner

02

Large organizations seeking competitive pricing and quality service providers

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What is two-bid system?

The two-bid system is a procurement method where a tender is evaluated based on two separate criteria: technical and financial.

Who is required to file two-bid system?

Government agencies and organizations that follow a competitive bidding process are required to file a two-bid system.

How to fill out two-bid system?

To fill out a two-bid system, vendors must submit separate technical and financial proposals as part of the bidding process.

What is the purpose of two-bid system?

The purpose of the two-bid system is to ensure a fair and transparent evaluation of bids based on both technical competence and price.

What information must be reported on two-bid system?

The two-bid system requires vendors to provide detailed technical specifications of their product or service, as well as a breakdown of pricing.

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