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Date: 1/23/2024 Page 1Arkansas Department of Transportation Bid Tabulation Summary Call Order: 010 Letting Date: 1/17/2024 10:00 a.m. Route: 8, 82, & 133 Section: 13, 8, & 1Contract ID: A20026Counties:

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How to fill out bid results amp award

01

Start by assembling all bid submissions from vendors.

02

Review each bid carefully to ensure compliance with the requirements.

03

Evaluate the bids based on predetermined criteria such as price, quality, and delivery times.

04

Score each bid according to the evaluation criteria.

05

Compare scores and identify the leading bids.

06

Prepare a summary of the evaluation, highlighting strengths and weaknesses of each bid.

07

Make a final decision on the winning bid and update the bid results document.

08

Notify the winning bidder and any unsuccessful bidders.

09

Complete the award section with details of the contract to be signed.

Who needs bid results amp award?

01

Procurement teams who manage the bidding process.

02

Vendors or suppliers who participate in the bidding.

03

Stakeholders needing to understand the results for budgeting or planning.

04

Regulatory bodies ensuring compliance with fair bidding practices.

05

Financial departments monitoring expenditures and contract awards.

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What is bid results amp award?

Bid results and award refer to the process of documenting and reporting the outcomes of a bidding process, including the names of the bidders, their proposed bids, and the selection of the winning bidder.

Who is required to file bid results amp award?

Organizations and entities that conduct formal bidding processes, including government agencies and private sector companies, are typically required to file bid results and awards.

How to fill out bid results amp award?

To fill out bid results and award, you should provide details such as the names of all bidders, their bid amounts, reasons for selection or rejection, and any additional relevant documentation or notes.

What is the purpose of bid results amp award?

The purpose of bid results and award documentation is to ensure transparency, accountability, and fairness in the bidding process, allowing stakeholders to review decisions and results.

What information must be reported on bid results amp award?

Bid results and award must report information such as bidder names, bid amounts, selection criteria used, the awarded bid amount, and justification for the award.

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