Preview

Tendering Process

Good Essays
Open Document
Open Document
608 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Tendering Process
TENDERING: PROCESS and PROCEDURES

1

Overall Perspective of Procurement Policies procurement systems which reflect the principles of value for money, transparency and accountability.
Efficient, effective and transparent

2

Rationale for Tenders Rules
The tendering process can be a minefield of potential litigation, with tenderers complaining of the lack of a fair and consistent approach to tendering and accusations of favouritism and corruption.

3

SIX CORNERSTONE PRINCIPLES of any tendering process
1. Transparency: candid, evident, manifest and easy to see through or understand 2. Probity: Virtue or Integrity; honesty. 3. Equity: Fairness and Impartiality
4

4. Fairplay: Even playing ground; fairness in tendering. The practice of justice, unaffected by prejudice or partiality. 5. Value for Money 6. Accountability Summary 1-6 serve the objective of engendering stakeholder confidence in a tendering process.
5

How these concepts are demonstrated throughout a tender process
Pre-Qualification Procedure – System of fair selection of contractors with whom the company should do business. Tenders Rules and Procedures – System by which tendering is governed. This system comprises standard letters of invitation, stated procedure for bidding, simultaneous notice to bidders, minuted pre tender meetings, controlled points of interaction between company and bidders, defined scope of works, specifications, terms of reference etc.
6

TENDERS RULES:
Govern the process of purchasing Goods, procuring Works and Services and disposal of assets. They are usually structured around different Committees with varying levels of authorities and approvals delegated to each. For example, at eTecK, there are delegations of authority ranging from the The Board The BTC comprising directors of the Board The MTC comprising Vice Presidents of e TecK The President The Vice Presidents The Managers

7

USUAL FEATURES OF TENDERS RULES 1. EXEMPT SERVICES: These

You May Also Find These Documents Helpful

  • Better Essays

    The appellant argues that because there was a formal invitation to submit a tender for a project, the rules and regulations set forth by Canadian Construction Documents Committee Guide to Calling Bids and Awarding Contracts are applied for this scenario. In order for this to have merit, a statement from M.J.B Enterprises, supra. stating, “We certify that Tenders for trades named under (a) and (b) below were received through the Alberta Bid Depository Ltd., ... in accordance with the Standard Rules of Practice for Bid Depositories (Federal Government Projects) as required by this…

    • 1347 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    When a procuring agency fails to adhere to the regulations and/or the terms listed within the solicitation, a bid protest may be filed (Nacke & Ralston 2011). A bid protest is a tool that a contractor can use to legally contest the process or result of a government contract award. In order to file a protest, one must be considered an interested party, meaning they are an offeror or prospective offeror who would be financially affected by either the award or the non-award of the contract. There are three different types of protests available to contractors. Each has differing procedures but they share the main requirement; In order to win, they must provide supporting information which would prove that they have been prejudiced by the government agency. The two most common forms of bid protest are the agency-level protest and the Government Accountability Office (“Bid Protests,” 2010).…

    • 4029 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    Part 14 Sealed Bidding; Part 15 Contracting by Negotiation; Subpart 6.2—Full and Open Competition After Exclusion of Sources;Subpart 6.4—Sealed Bidding and Competitive Proposals…

    • 928 Words
    • 4 Pages
    Good Essays
  • Better Essays

    The key tasks associated with procurement management planning are determining what items need to be procured, finding the suppliers that could satisfy the requirements, bidding process, and the approval process. These tasks must be completed step by step in the workplace. “The key benefit of this process is that it determines whether to acquire outside support, and if so, what to acquire, how to acquire it, how much is needed, and when to acquire it” (Project Management Institute, 2013, p. 1). When dealing with a similar project, a firm can use historical data to compare and determine what needs to be procured for the project. The potential sellers must be properly identified. This can be easy for firms who have already established a good relationship with their previous suppliers and the projects they deal with are almost similar. Then it would be easier to undergo the bidding and supplier selection process. The bidder who can satisfy the needs of the project will be chosen and the signing of contract follows. An…

    • 1319 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Crazy Eddie Case Analysis

    • 726 Words
    • 3 Pages

    (1)Honesty---fully and fairly disclosing the company’s financial condition in prepared financial statements. (2)Integrity---acting in accordance with principled behavior; not being swayed to do what another party induces you to do if you know it’s wrong. (3)The Public Interest---when there is conflict of interests, shareholders’ interests must be considered.…

    • 726 Words
    • 3 Pages
    Good Essays
  • Good Essays

    M1 A3Bus212

    • 648 Words
    • 3 Pages

    1 - Impartiality of decision maker – This is where they have a neutral, unbiased party or parties decide the matter.…

    • 648 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Mlk Essay

    • 436 Words
    • 2 Pages

    Fair play means respect for the rules or equal treatment of all concerned. By using these words Martin Luther King Jr. meant that in order for the world to make a move forward we have to use fair play. Using fair play means that everybody is fair towards everybody. Also fair play means that fairness is always factors in no matter your skin color or your beliefs. Also fair play means that nobody is cheated because of anything.…

    • 436 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Cost and Price Analysis

    • 2101 Words
    • 9 Pages

    Sealed Bidding - A process by which government needs are made known by a solicitation called and Invitation for Bids (IFB).…

    • 2101 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Course Key Concepts

    • 1682 Words
    • 7 Pages

    1. Equity – to be respected and treated fairly (communicate fully, face up to poor performance)…

    • 1682 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    IB LEARNER PROFILE

    • 333 Words
    • 2 Pages

    We act with integrity and honesty, with a strong sense of fairness and justice, and with respect for the dignity and rights of people everywhere. We also take responsibility for our actions and their consequences.…

    • 333 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Ethics Examples

    • 1565 Words
    • 7 Pages

    6. INTEGRITY: means using independent judgment and avoiding conflicts of interest, restraining from self-aggrandizement and resisting economic pressure. It means being faithful to one’s deepest beliefs, acting on one’s conviction and not adopting an ends-justifies-the-means philosophy that ignores principle.…

    • 1565 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Tender Offer

    • 441 Words
    • 2 Pages

    In Tender Offer by Wendy Wasserstein, little action occurs in that no one dies or screams or cries. However, enormous changes take place within the characters. The subtle theme of the play underscores a specific shortcoming in the American lifestyle, the need for compassionate communication between a distanced father and daughter. Wasserstein demonstrates that the special ingredient in effective communication is dependent upon mutual understanding.…

    • 441 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Ensuring that procuring entities establish a tender committee in accordance with the Public Procurement and Disposal Act and the Regulations;…

    • 1054 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Uap Document 301

    • 4499 Words
    • 18 Pages

    UAP DOCUMENT 301: GENERAL CONDITIONS SECTION 1: DEFINITIONS  CONTRACT DOCUMENTS – consists of the following: 1. Agreement 2. General conditions 3. Special provisions 4. Specifications 5. Drawings  OWNER – person ordering the project for execution  ARCHITECT – commissioned by the owner  ENGINEER – person so named in the contract document  PROJECT REPRESENTATIVE – full time construction inspector hired by owner assisting in the supervision of the work.  CONTRACTOR – person or firm whose proposal has been accepted & contract awarded  SUB-CONTRACTOR – having direct contact with contractor, acts in behalf of the contractor in executing any part of the contract  SURETY – person, firm, or corporation providing guarantee for contractor’s bonds  PROPOSAL – offer of a bidder  PROPOSAL BOND – cashier’s check or surety bond with the proposal submitted by the bidder to guarantee that the bidder will enter into the contract.  PERFORMANCE BOND – (15%) approved form of security furnished by the contractor as a guarantee to execute work in accordance with terms of the contract.  PAYMENT BOND – (15%) approved form of security furnished by the contractor as guarantee to pay all obligations arising from the contract  GUARANTEE BOND – (15%) approved form of security furnished by the contractor to guarantee to the quality of materials and workmanship performed.  AGREEMENT – contract between owner and contractor undertaking the project  ADVERTISEMENT/ INVITATION TO BID – notice or invitation issued to bidders giving information of the magnitude and extent of the project, nature, etc.  BID BULLETIN – additional information on contract documents  INSTRUCTION TO BIDDERS – list of instructions on preparation & conditions for award of contract  DRAWINGS – graphical representation of work  GENERAL CONDITIONS – printed…

    • 4499 Words
    • 18 Pages
    Powerful Essays
  • Good Essays

    Public private partnership

    • 2466 Words
    • 10 Pages

    Bidding process. A public sector entity (usually a central government body/local authority) will identify the need to deliver a particular project, such as building a Highway or a hospital. The public entity will advertise the need for such a project and then run a competitive process under which private sector…

    • 2466 Words
    • 10 Pages
    Good Essays

Related Topics