Process in which transportation agency requests contractors to submit proposals for the construction of transportation infrastructure..

Five Steps of a Bidding Process

If you run a small business, you might engage in the bidding process regularly. Whether you are the one accepting the bids or you have to bid on jobs, the basic steps are typically the same. Completing the bidding process in the proper manner could be the difference between getting a bid or looking for work.

Specifications
The first step in the bidding process deals with coming up with the specifications for the job. The company or customer looking for bids has to develop specifications for the bidding process. For example, if the customer needs a building constructed, a schematic or blueprints must be developed first. All of the details for the entire project must be outlined in the documentation.

Request for Bids

After the details of the project have been developed, the customer must request that bids be made. This can involve sending out invitations to bid on projects and posting the opportunity online. In some cases, the client will only request bids from a pre-selected list of contractors. In other situations, the bid opportunity may be open to anyone who qualifies to bid on it.

Bidding
After the information about the project has been distributed to contractors, the bidding process begins. The bidding process can differ, depending on the rules set by the client. In some cases, sealed bids will be submitted and the customer will evaluate them. In other cases, a more informal bidding process will be involved in which contractors simply give a total amount that they can do the job for.

Reviewing the Bids

The customer will typically set a deadline on when the last bids will be accepted. Once that deadline is reached, the customer will begin reviewing the bids. The length of time that it takes to review the bids could vary, depending on the number of bids received.

Awarding the Contract

After the bids have been thoroughly reviewed, the customer will award the contract to one bidder. In most cases, the bidder with the lowest bid wins. In some situations, the bidder will award the contract not only on price but other factors as well. For instance, the customer may be inclined to go with a more reputable provider or with those where a prior relationship exists.

tender process The process of issuing a Request for Information, Request for Proposal and Supplier Contract to select and contract a preferred supplier...
Tendering is the process of making an offer, bid or proposal, or expressing interest in response to an invitation or request for tender. Organisations will seek other businesses to respond to a particular need, such as the supply of goods and services, and will select an offer or tender that meets their needs and provides the best value for money. Tender request documents; also referred to as invitations to tender, Requests for Tender (RTF), Requests for Proposal (RFP) etc outline what is required, that is, what the requesting organisation's needs are. These documents also outline the particular requirements, criteria, and instructions that are to be followed. Future tenders are generally widely advertised to offer opportunities to a number of suppliers, encourage competition and provide a greater pool of offers to select from. Interested suppliers will then prepare a tender; the documents that outline the offer that they are making, and will include pricing, schedules as well as their eligibility for the project or procurement.

They will outline their advantage over competitors; provide information on qualifications, competencies and experience. Further they have to demonstrate how their bid offers the best value for money. The submitted tenders are then evaluated with regard to defined criteria. In a normal tendering situation, this process should be conducted fairly and honestly, and in a manner that is free from bias or favour. The offer that best meets all of the requirements outlined in the request, and provides value for money should win the contract. The tendering process is generally utilised for procurements or contracts involving substantial amounts of money. Tendering is utilised by:

Government departments, offices and agencies Private sector companies and businesses Overseas markets and businesses While the concept of tendering may seem daunting at first, it can be easily tackled by having a plan of attack'. When becoming involved in a tendering process, it is important to understand your business' suitability for the project; whether your business' current situation will allow for you to tender, as well as your ability to manage the contract if you are successful in winning the tender. By understanding these points and ensuring you can demonstrate that you are able to meet the criteria and offer a competitive bid, you will increase your chances of success. The seven main steps in the tender process are: 1. Tender process is determined: the organisation requesting the tender will determine the type of tender that will be used, as well as what will be involved in the tender process. 2. Request for tender is prepared: the request for tender outlines what is required, the contractual requirements and how you should respond. 3. Tenders are invited: the value, complexity and business category determine how tenders are invited. 4. Suppliers respond: you should first obtain all relevant documentation. Then: a. Attend any pre tender briefing sessions being conducted b. Clarify any uncertainties c. Plan your response d. Prepare your response e. Submit your response in the right format, on time and at the right location 5. Evaluation and selection: each tender will be checked for compliance, and if compliant, then evaluated against the criteria specified in the tender documentation. The tender that offers best value for money will win the business. 6. Notification and debriefing: when a contract has been awarded, the successful tenderer will be advised in writing of the outcome. Unsuccessful tenderers are also advised and offered a debriefing interview. 7. Contracts established and managed: generally a formal agreement will be required between the successful tenderer and the relevant agency.

AUCTION

Initial ConsultationWe know time is a critical factor in the sale of any property. So we make the most of

your time, right from the start. It all begins with a confidential consultation that will set the stage for an active and engaging auction process. At this initial consultation, a United Country Auction Services professional will: Provide an in-depth review of the process. Convey recent industry trends. Gather appropriate property information. Conduct an informal property inspection. Discuss next steps and develop timeline.

Market AnalysisUnited Country Auction Services conducts a thorough market analysis so that we may

apply our time and resources in a way that will have the greatest impact. The market analysis gives us a

clear picture of the current market and potential buyers. Its the foundation we use to effectively promote your property and to help ensure that you receive fair market value. At this stage, United Country Auction Services professionals will: Conduct market comparable analysis. Match your property to our extensive database of more than 23,000 listings. Research demographics of potential buyers. Create a market analysis report for you.

Marketing Plan DevelopmentWith a clear understanding of the market, United Country Auction Services

will be ready to put together a plan that makes the most effective use of our powerful sales and promotional tools. We have more than 50 full-time staff members in our home office who are ready to put their industry-leading marketing, media buying and creative talents to work for you. Possible outlets for reaching buyers on a local, national and global level include: Internet marketing on websites that are viewed more than 28,000 times per day Custom website development for your property Advertising in real estate publications that reach more than 90 million homes per week Dedicated call center

Marketing Plan ImplementationOver the next several weeks, United Country Auction Services will carry out

the marketing plan that will reach a broad audience of potential buyers and help generate enthusiasm for your property. Our ability to promote your property is unique and unmatched. Only United Country Auction Services offers you: Inclusion within our national listings Access to our exclusive client base of 300,000 buyers The preeminent technology team in the industry Our executive staff of proven industry leaders

Auctioning Your PropertyUnited Country Auction Services offers comprehensive event planning and

consultation services. Were always looking ahead and working to ensure that your big day goes just as planned. Plus, our technical service capabilities including online simulcast ensure that more buyers have a chance to bid on your property. Let us take care of all the event details, including: Online auction services Technology to support multi-parcel auctions Contract facilitation services Earnest money management

Post-Auction ClosingOnce the event has concluded, United Country Auction Services will tie up all the

loose ends associated with transferring ownership of a property. To help ensure that your experience remains pleasant and hassle-free to the very end, we will: Process titles and other documents. Coordinate closing. Provide seller recap and reporting. Remain in contact with you as needed.

OEM and their impact on pricing policies

An original equipment manufacturer, or OEM, manufactures products or components that are purchased by another company and retailed under that purchasing company's brand name. OEM refers to the company that originally manufactured the product. When referring to automotive parts, OEM designates a replacement part made by the manufacturer of the original part.