Tender is a competitive selection of bids, in compliance with the principles of fairness and efficiency, for delivering goods, providing services or performing works in the pre-announced documents, within definite terms and period. The contract is concluded with the winning bidder who meets the requirements specified in the Bid Data Sheet and offers the best conditions. Unlike auctions, bidders are not able to access the conditions offered by their competitors.
Bidding is now the most popular process for collecting, analyzing effective offers in the construction, transportation, and service sectors, which is widely used by government agencies, including the world’s leading banks (EBRD, ADB, IsDB, IBRD, KFW, EIB, etc.).
International bidding is conducted in three ways: Prequalification (Single Stage), Tender (Single Stage), Two Stage Tender (PQ & Tender).
The PQ (single stage) evaluates the technical conditions and financial status of the bidder. The bidder’s past works, financial status, logistical base, specialist staff, Quality Procedure, HSE procedure, licenses are reviewed and a bank guarantee is required to bid.
In Tender (single stage), quantitative and qualitative indicators including bidders’ , who have passed PQ, offers on bid prices, methods of the execution of works, working schedules etc. are reviewed. Two Stage Tender (PQ & Tender) requires all of the above-mentioned procedures and is submitted to the Customer in one package.
“Jamal Law Firm” has specialists with significant experience in this area and offers its services in tenders announced for projects financed by international and local financial institutions:
- Check of tender conditions;
- Finding companies meeting the criteria required in the bidding package, establishing a Consortium, and setting up a joint venture (JV);
- Preparation of documents in accordance with the bidding package;
- Carrying out technical inspection by specialists on project submitted for tender;
- Preparation of price proposal and analysis.
