POST BIDDING AND PRE-BIDDING Q3 and Q4 PDF

Preview

Summary

POST BIDDING AND PRE-BIDDING Q3 and Q4...

Description

3. Is a post-bid meeting a good idea? How about a pre-bid meeting? Ans: In this case, a pre-bidding meeting would be the best option because it explains the solicitation documents to the interested parties or bidders like PCC, Western, Provincial, and Babcock. Prebid meetings are important for the procurement of raw materials like cables and other services. These meetings can be held to clarify doubts regarding prospective bids and answer any concerns of the bidders. This meeting can also provide vital information to the bidders regarding the requirements of the company and also give sufficient time for the bidders to ensure the efficiency and the smoothness of the proposal. Whereas, a post-bidding meeting provides much more latest information about the marketplace regarding the current trends and available products in the market. It also gives data on the supplier prices and any sort of alternative or substitute products available in the market. It also provides statistical and graphical data which will improve forecasting and profit maximizing.

4. Yes absolutely. It was mainly because of the fact considering each supplier’s annual sales and profit margin with $450 million on the top and $28 million the lowest. Like there is vast difference in every bidder’s annual sales. The total cost of wire and electric cable was way above the Hansen’s target expenditure. Moreover, every supplier had different spending habits, pricing strategies, annual sales and income. Therefore, all suppliers coming up for such a bid was quite interesting....