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April 7, 2022, To:Sam Anselm, City AdministratorFrom: Earlene Rich, Finance Director Re:Revision of Competitive Bidding Threshold in Purchasing PolicyExecutive Summary The Finance Department recommends
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How to fill out revision of competitive bidding

01
Begin by reviewing the requirements and instructions provided for the competitive bidding process.
02
Gather all the necessary information and documents required for the revision, including any amendments or changes to the initial bidding proposal.
03
Ensure that you have a clear understanding of the evaluation criteria and scoring system that will be used during the revision process.
04
Fill out the revision form or template provided, making sure to accurately and thoroughly provide the requested information.
05
Double-check all the information and supporting documents before submitting the revised bid.
06
Submit the completed revision of competitive bidding before the specified deadline.
07
Follow up with the relevant authorities or stakeholders to ensure that your revised bid is received and considered for evaluation.

Who needs revision of competitive bidding?

01
Companies or organizations participating in a competitive bidding process that allows revisions.
02
Bidders who have identified errors or deficiencies in their initial bid and wish to correct or improve their proposal.
03
Individuals or entities who want to adjust their bid based on updated information or changes in project requirements.
04
Those who have received feedback or clarification from the authorities overseeing the competitive bidding and need to revise their proposal accordingly.
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Revision of competitive bidding refers to the process of updating or modifying the terms and conditions of a previously submitted bid to ensure accuracy, compliance, and to reflect any changes that may affect the bidding process.
Entities or individuals who have previously submitted a competitive bid and need to adjust their submission due to errors, changes in circumstance, or additional information are required to file a revision of competitive bidding.
To fill out a revision of competitive bidding, one must complete the designated form provided by the bidding authority, ensuring to include all updated information, reasons for the revision, and any supporting documentation required.
The purpose of revision of competitive bidding is to maintain the integrity and accuracy of the bidding process, allowing bidders to correct errors or to provide updated information that could influence the decision-making of the awarding body.
The information that must be reported includes the original bid details, the specific changes being made, explanations for the revisions, and any new documents that support the changes.
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