International/global competitive bidding (icb), Project Management

Assignment Help:

Steps involved for International/Global Competitive Bidding (ICB)    

Now that we are aware of the requirements of ICB, let us understand the steps involved in ICB. There can be two ways an ICB can be executed. One is with the  pre qualification and another without pre qualification. 

ICB for services with pre-qualification 

As an employer, you have to take the following essential steps: 

1.  Notify and advertise for submission of pre-qualification applications. 

2.  Issue/sale of pre-qualification documents to prospective bidders. 

3.  Collect pre-qualification applications from the prospective bidders. 

4.  Open pre-qualification applications. 

5.  Evaluate pre-qualification applications. 

6.  Prepare the list of pre-qualified bidders. 

7.  Issue the bidding document to the pre-qualified bidders. 

8.  Collect bids from pre-qualified bidders. 

9.  Evaluate the bids. 

10.  Select the lowest evaluated responsive bid. 

11.  Award the contract and sign the contract with the contractor. 

12.  Contract is accomplished by the Contractor. 

ICB for goods and services without pre-qualification 

As the employer/purchaser, you have to take following essential steps: 

1.  Notify and advertise. 

2.  Issue/sale of the bidding document to the prospective bidders. 

3.  Collect the bids from prospective bidders. 

4.  Evaluate the received bids. 

5.  Select the lowest evaluated responsive bid. 

6.  Award and sign the contract with the contractor/supplier. 

7.  Contract accomplished by the contractor/supplier.  


Related Discussions:- International/global competitive bidding (icb)

Scope of materials management, Scope  of Materials  Management Material...

Scope  of Materials  Management Materials  management  embraces all  functions  concerning  planning  purchasing  production  control  stores  traffic and physical distribution

If i am empowered, Q. If I am empowered, why do I need project management? ...

Q. If I am empowered, why do I need project management? A. If you have been authorize it probably or must mean that you have been given the authority and responsibility to un

Use of both innovative approach in development process, Q. Use of both inno...

Q. Use of both innovative approach in development process? There are many major aspects that will sway the future trends in the development of new products. In the new millenn

Increasing interest in employ of application development, Increasing intere...

Increasing interest is being taken in the employ of quick application development. Why is that, and are there any dangers related with the RAD approach? RAD has come to promine

Project Management, Project Management Answer 1 The project selected for t...

Project Management Answer 1 The project selected for the purpose if analysis and for discussion of project management tools is of a marriage event, which is very much a real life

Functional project structure, QUESTION (a) The project lifecycle refers...

QUESTION (a) The project lifecycle refers to a logical sequence of activities to accomplish the project's goals and objectives. Regardless of the scope or complexity any projec

Quantitative layout analysis - travel chart, Quantitative Layout Analysis -...

Quantitative Layout Analysis - Travel Chart A basic tool that is primarily used to analyze the material handling cost or in certain cases number of moves in a process layout i

Different between work and cost breakdown structure, What are the different...

What are the different between Work and Cost breakdown structure? Different between Work and Cost breakdown structure: Work breakdown structure produces a detailed list of e

Execution of the enterprise resource planning (erp) system, At the last boa...

At the last board meeting of X Company, the Finance Director showed concern for the lack of planning information obtainable to the company. It was accepted that the company needed

Describe key characteristics of a matrix project structure, C Consultancy C...

C Consultancy Company gives management consultancy to a range of organisations.  It employs staff who have different industry backgrounds and who also offer different specialisms,

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd