Professional Documents
Culture Documents
REQUIREMENTS
GROUP 3
GROUP MEMBERS
BID SUBMISSION
BID SELECTION
CONTRACT
FORMATION
It is a formal request BID SOLICITATION
for bids and typically
involves the issuance
of a Request for
Proposal (RFP),
Request for Quotation
(RFQ), or Invitation to
Bid (ITB).
Are the official BIDDING DOCUMENTS
documents that
accompany the bid
solicitation. They
provide detailed
information about
the project or
product.
BIDDING DOCUMENTS
BIDDING DOCUMENTS CONTAINS: PROCUREMENT DOCUMENTS CONTAINS:
LOW-BID
QUALIFICATION-BASED
BEST-VALUE
LOW-BID SELECTION
BID
1 The bottom line — aka the price — is the main focus for
the project owner. The winning contractor is the one
SELECTION
who submits the lowest price for the project.
BEST-VALUE SELECTION
3 In this approach, the project owner considers both the
bid price and the contractor’s qualifications to find the
best combination of cost and skill set.
CONTRACT Although the bid has already
FORMATION
been awarded at this point, the
contract formation must be
completed. This is where the legal
groundwork is finalized. At this point
in the construction bidding process,
the contract has already been
established. However, there is still an
opportunity for subcontractors to
negotiate on the final pricing and
other terms of the contract.
CONTRACT FORMATION
The bid proposal includes a full description of the
items and services that will be supplied to your
client, as well as an estimate of the costs
associated with each. Individuals, as well as
organizations, submit bid proposals to firms in
order to win business. Whether or whether
your Organization is awarded a certain contract is
totally dependent on the effectiveness of the bid
proposal that was filed by your firm. Companies
employ a variety of criteria to determine whether
or not the bids they receive are eligible.
CONTRACT AWARD STAGE
1. Preparing contract document along with drawings and get it approved from the client.
2. Collecting all necessary documents from the finalized vendor like project schedule, cash
flow statement, resource deployment schedule and quality & safety policies, etc,.
3. After collecting all documents, Issue of contract document to the finalized vendor.
5. Conducting Kick off meeting at site and start the work at site.
THANK YOU