Vendor Assesment

Tender information is a process of inviting bids from suppliers, contractors, or service providers to provide goods or services to the tendering organization. The tender process is usually open and competitive, aiming to achieve the best value for money.

  • Tender Notice
    An invitation to submit bids for a specific project or service. It includes the name of the organization inviting bids, the project or service name, the scope of work, the deadline for submitting bids, and the criteria for evaluating bids.
  • Tender Documents
    Detailed specifications of the project or service required by the organization. These may include technical specifications, scope of work, terms and conditions, and pricing details.
  • Eligibility Criteria
    Specific requirements for bidders, such as minimum turnover, years of experience, technical qualifications, and financial stability. These criteria are usually listed in the tender notice.
  • Evaluation Criteria
    Specifies how the organization will assess the bids, which may include technical capability, experience, price, and delivery schedule.
  • Bid Submission Details
    Information on how to submit the bid, including the format and content of the bid, the submission deadline, and the address for submission.
  • Site Visit and Pre-bid Meeting
    The organization may arrange a site visit and a pre-bid meeting to clarify any doubts or queries that bidders may have.
  • Contract Terms
    The terms and conditions of the contract, which may include payment terms, warranties, indemnification, and dispute resolution.
  • Non-disclosure Agreement
    An agreement included in the tender documents to protect confidential information.