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DT: 18.06.2024 Ref.No: RGU KT/NZD/EPROM/Chemical Department/ Purchase of capital goods, Lab Consumables and Non-consumables/2023/T99/3rd CallBIDDOCUMENT Procurement Open Competitive Bid (OCB) For Purchase
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A request for bids is a formal invitation for contractors or suppliers to submit competitive offers for a specific project or service.
Organizations or entities seeking to procure goods or services through a competitive process are required to file a request for bids.
To fill out a request for bids, clearly define the project specifications, include submission guidelines, state the evaluation criteria, and provide a timeline for submission.
The purpose of a request for bids is to ensure transparency and fairness in the procurement process while obtaining the best value for services or goods needed.
Information typically reported includes project description, specifications, submission deadline, contractor qualifications, and pricing structure.
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