Types of Tender Notices

Types of Tender Notices

Different tender notices type indicates different procedure to be followed before the actual contract can be awarded. These are listed below:

>> Invitation To Tender Notice - Open Procedure

>> Invitation To Tender Notice - Restricted Procedure

>> Invitation To Tender Notice - Negotiated Procedure

>> Prior Information Notice

>> Periodic Information Notice

>> Qualification Notice

>> Contract Award Notice

Invitation to Tender Notice - Open procedure: This notice indicates that the procedure is open for all interested parties to participate in the tender.

Invitation to Tender Notice - Restricted procedure: This notice indicates that the procedure is restricted to those suppliers who have already submitted their response against expressions of interest invited by the authority. Tenders are only invited from those firms that have qualified against certain criteria.

Invitation to Tender Notice - Negotiated procedure: This notice indicates that the procedure which the tendering authority intends to follow is a negotiated one because the tendering authority may only consult suppliers of their choice and negotiate the terms of the contract with one or more of them. The negotiated procedure should only be used in exceptional cases such as in emergency situation where it is difficult to assess exact procurement requirement.

Prior-information Notice: This notice indicates that the procedure followed with be that of releasing prior information about future procurement requirements. This type of notice is generally announced by public sector organisations only. Normally an Invitation to Tender Notice relating to any of the requirements listed will be published at a later date. It is recommended that as and when such notice is released, the supplier should submit their response to the authority and should ask for future updates from them.

Periodic Information Notice: This notice type can come in two forms i.e. with / without call for competition. Periodic Information Notice without call for competition is similar to Prior information. Periodic Information Notice with call for competition is an invitation for suppliers to contact the tendering authority and participate in the competitive bidding process. These are published by utility companies as against public sector units..

Qualification Notice: This notice type indicates invitation to suppliers to pre-qualify before going for the actual tendering process. They invite potential suppliers to pre-qualify based on certain criteria. Successful pre-qualified suppliers will be invited to bid for contracts at a future date. This notice type are generally published by only by Utility companies as against opposed to public sector units.

Contract Award Notice: This notice is published after the contract is awarded by the tendering authority. It indicates the following: a) Contract award date. b) Name of the successful supplier (s). c) Contract Value.

Comments? Questions? Email Here

© HowtoAdvice.com

How to Advice .com