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Tuesday, May 29, 1964 112.402Opening o f bids.The bid opening procedures set forth In 12.402 shall apply only to unclassified bids. Classified bids, shall be opened in accordance with 112.40250. 112.40250Classified
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Prepare the bid opening event by setting a date, time, and location.
02
Notify all interested parties about the bid opening details.
03
Ensure all necessary documents and forms are available for the bid opening.
04
Assign a responsible person to oversee the bid opening process.
05
Have a secure process in place to open and record bids accurately.
06
Follow any specific guidelines or instructions provided for the bid opening.

Who needs opening o f bids?

01
Government agencies
02
Organizations issuing requests for proposals (RFPs)
03
Companies soliciting bids for projects or services
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Opening of bids is the process of publicly reviewing and disclosing the bids submitted by potential vendors in response to a solicitation.
The procurement team or the designated officials are required to file the opening of bids.
Opening of bids is typically conducted by a designated team who will open the bids in a public setting, record the details of each bid, and ensure transparency throughout the process.
The purpose of opening of bids is to ensure fairness, transparency, and accountability in the procurement process by allowing all interested parties to witness the evaluation of bids.
The information reported on opening of bids includes the name of the bidder, bid amounts, any conditions or exceptions, and any other relevant details noted during the bid opening process.
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