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SPEC / TN1457/Ring type LT CTs. (1/36)Two Part BidJODHPUR VIDYUT VITARAN NIGAM LIMITED OFFICE OF THE SUPERINTENDING ENGINEER (MM&C) NEW POWER HOUSE, INDUSTRIAL AREA, JODHPUR 342 003 Corporate Identity

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How to fill out two part bid ring

01

Obtain bid ring form with two parts from the appropriate department or organization.

02

Fill out the first part of the bid ring form with all necessary information and details about the bid.

03

Tear off the second part of the bid ring form and retain it for your records.

04

Submit the completed first part of the bid ring form according to the instructions provided.

Who needs two part bid ring?

01

Contractors participating in bidding processes

02

Organizations seeking bids for projects or services

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What is two part bid ring?

A two part bid ring is a specific type of procurement process where bids are submitted in two separate parts: one for the technical specifications and another for the price. This allows for greater clarity and evaluation of bids based on quality before considering price.

Who is required to file two part bid ring?

Organizations, typically governmental entities and certain private sector companies engaged in large-scale procurement, are required to file a two part bid ring when they are soliciting bids for contracts that meet specific thresholds.

How to fill out two part bid ring?

To fill out a two part bid ring, bidders must complete two distinct sections: the Technical Proposal, detailing the specifications and qualifications; and the Price Proposal, which outlines the costs associated with the bid. Each part must be submitted in accordance with the guidelines set forth in the bid solicitation.

What is the purpose of two part bid ring?

The purpose of a two part bid ring is to ensure that procurement is transparent and competitive, allowing evaluators to assess technical merit independently before reviewing pricing, leading to better decision-making.

What information must be reported on two part bid ring?

The two part bid ring must include all relevant information such as bidder qualifications, technical specifications, pricing details, submission dates, and compliance with legal and regulatory requirements.

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