Smart Tips about Public Procurement
This is the procurement of goods and services such as construction of roads , rails and other public utilities on behalf of the government
Governments have to buy goods and services from qualified people and companies to enable them to deliver on the election promises countrywide . Since governments are vast they have to source for people to offer goods and services.
Governments have to follow set rules and procedures to get the legal right people or companies that will buy goods and services on its behalf in order to seem to be fair. This procurement procedure is done through tenders, bids and contracts. Public bids are publicly advertised and all interested but qualified people and companies apply according to their interests and are required to pay an application fee which helps limit the number of application as well as make sure only companies that have capital get the job.
The government’s bids, tenders, and contracts are publicly advertised in local dailies and other government platforms such government websites to enhance
transparency and accountability since these bids and tenders are likely to pay handsomely some government employees might want to benefit and take part or have friends and relatives take part the government, therefore, discourages such by advertising publicly.
How a person or company gets to participate in government bids and tenders are by connecting to state agencies where the bids, tenders, and contracts are advertised such as the Request for Proposal ( RFP) and Request for Quotation (RFQ) in united states of America. Anyone or company that’s interested in soliciting government bids ,contracts and tenders needs to visit platforms where these are advertised, for example the Request for Proposal( RFP) and Request for Quotations(REQS)which are government agencies meaning the advertise and publish all tenders ,bids and contracts on behalf of the government . Request for proposal (RFP) and Request for Tenders (RFT) for services and goods worth more than $25000 are often used when price is not the only thing that is factored when awarding a tender this is different from the other tenders and bids where the lowest bidder is awarded without looking at any other factor .
When one gets to the pages of request for quotations and request for proposals they email you on available tenders, contracts and bid according to your area of specialization. Once you receive the email you choose the tenders, contracts, and bids that suit you and apply for them after which you receive invitation to bid which seeks that you provide your proposal or project. Finally when all proposals and projects are submitted the tendering committee opens, the tenders, projects and proposals and groups the tenders according to different categories and reads through and after making some considerations they award the lowest bidder.
Request for quotation(RFQ) normally happens if the requisition given out is for an amount less than $25,000.