Competitive Procurement: How to Run a Tender Process

Competitive Procurement: How to Run a Tender Process

Assessment

Interactive Video

Business

12th Grade - University

Hard

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The video tutorial explains the tender process in procurement, breaking it down into 17 steps. It covers determining requirements, documenting them, evaluating bids, creating an evaluation framework, setting deadlines, attracting bidders, briefing them, and handling queries. The process includes receiving and evaluating bids, selecting the preferred bid, and finalizing the contract. Emphasis is placed on optimizing value over cost and ensuring compliance with rules, especially in public sector procurements.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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