If pressure is put upon you to disclose the name of the other bidder, you should resist. Under such circumstances, it may be advisable to disengage from the client completely in order to effectively safeguard the threat to confidentiality.
Why competition is important in procurement?
Both public and private organizations often rely upon a competitive bidding process to achieve better value for money in their procurement activities. Low prices and/or better products are desirable because they result in resources either being saved or freed up for use on other goods and services.
What are the main tender method in Ethiopia public procurement and explain for which procurement goods or services or works these tender methods are used?
There are six methods of procurement which are; open bidding, request for proposals, two stages tendering, restricted tendering, request for quotation, and direct procurement. From these methods, public bodies are required to use the open bidding method except as otherwise provided in the Proclamation.
What is value for money in procurement?
Value for money refers to the optimum combination of „whole life cost‟ and „quality‟ to. meet the customer or the end-users requirement of the procured goods or service under. consideration and usually reflected in the price of the item procured.
What does qualify your bid mean?
Qualified Bid means a bid submitted at the Auction to purchase assets of Sellers pursuant to the Bidding Procedures Order. Qualified Bid means a Competing Proposal that is determined to be a Qualified Bid under the Bidding Procedures Order.
How do you win a low unique bid auction?
To win the auction, all bids that are lower and unique must be knocked-out of the auction by either you or another bidder placing the same amount.
What makes a unique bid?
A unique bid auction is a type of strategy game related to traditional auctions where the winner is usually the individual with the lowest unique bid, although less commonly the auction rules may specify that the highest unique bid is the winner.
