prepare short notes on any five of the following:-
a. Bid Submission Form
b. Manufacturer’s Authorisation
c. Liquidated Damages
d. Validity Period
e. Defects Liability Period
f. Performance Security
g. Margin of Preference
Bidding documents are the backbone of the procurement process. Discuss.
Bid opening has to be carried out in a systematic manner and this process is spelt out in the standard bidding documents for goods using the Open Advertised Bidding method of procurement. You are the Procurement Manager involved in bid opening; describe how you will proceed with the bid opening process.
During the evaluation of bids, the followings are considered:-
(i) How a material Deviation, Reservation and Omission can affect the responsiveness of a bid?
(ii) Give five exs of Major Deviations.
The standard bidding documents contain a Bid Securing Declaration as an appendix to the bid submission form and a Bid Security Form as a bank guarantee. Compare and contrast between a Bid Securing Declaration and a Bid Security.