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PHILIPPINE BIDDING DOCUMENTSPROCUREMENT OF HUMAN RESOURCE INFORMATION SYSTEM (HIS) BASES CONVERSION AND DEVELOPMENT AUTHORITYSixth Edition July 20200Table of Contents Glossary of Acronyms, Terms,

How to fill out competitive bidding for procurement

How to fill out competitive bidding for procurement

1. Understand the requirements and specifications of the procurement
2. Research potential suppliers or contractors who can fulfill the requirements
3. Advertise the procurement opportunity to attract competitive bids
4. Provide clear instructions on how to submit bids, including deadlines and required documentation
5. Evaluate the bids based on criteria such as price, quality, and delivery time
6. Select the winning bid and notify the successful supplier or contractor
7. Award the contract and ensure all legal and administrative procedures are followed

Who needs competitive bidding for procurement?

1. Government agencies
2. Non-profit organizations
3. Businesses seeking to purchase goods or services

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What is competitive bidding for procurement?

Competitive bidding for procurement is a process in which suppliers or vendors submit bids to a buyer to win a contract for providing goods or services. The buyer then evaluates the bids and selects the best offer based on criteria such as price, quality, and delivery time.

Who is required to file competitive bidding for procurement?

Most government agencies, public organizations, and businesses are required to file competitive bidding for procurement when purchasing goods or services above a certain threshold. This helps ensure transparency, fairness, and efficiency in the procurement process.

How to fill out competitive bidding for procurement?

To fill out competitive bidding for procurement, suppliers or vendors need to carefully review the bid requirements, prepare their proposal including pricing and other relevant information, and submit it according to the deadline specified in the bidding documents. It is important to follow all instructions to ensure a competitive bid.

What is the purpose of competitive bidding for procurement?

The purpose of competitive bidding for procurement is to ensure that buyers get the best value for their money by comparing and selecting the most cost-effective supplier or vendor. It also promotes competition, prevents favoritism, and helps control costs in the procurement process.

What information must be reported on competitive bidding for procurement?

When filing competitive bidding for procurement, suppliers or vendors must report detailed information about their company, the goods or services they offer, pricing, terms and conditions, delivery schedule, and any other relevant details that the buyer may require to evaluate the bid.