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Annexure 1: Bid Specification: RFB 29022024 RFB FOR THE PROCUREMENT OF SITA CORPORATE INSURANCE FOR A PERIOD OF THREE (03) YEARS TECHNICAL, PRICING AND PREFERENCE POINTS REQUIREMENTSContents 1. Introduction
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A formal bid RFP (Request for Proposal) is a document used by organizations to solicit proposals from vendors or service providers to fulfill a specific project or service requirement.
Organizations that need to procure goods or services through a competitive bidding process are typically required to file a formal bid RFP request.
To fill out a formal bid RFP request, provide detailed project specifications, scope of work, submission guidelines, evaluation criteria, and any other relevant information that bidders need to prepare their proposals.
The purpose of a formal bid RFP request is to ensure a fair and transparent process for selecting a vendor or service provider by inviting multiple proposals and evaluating them based on predefined criteria.
A formal bid RFP request must report information such as project goals, budget, timeline, qualifications required from bidders, submission requirements, and evaluation criteria.
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