Day: February 12, 2022

Two-stage tendering is similar to the request for proposals because the technical and financial proposals are submitted separately, but one before the other, rather than simultaneously. A key feature of this procurement method is that the submission of proposals takes Read More …

The request for quotations is a procurement method that is used for small value procurements of readily available off-the-shelf goods, small value construction works, or small value services procurements. Request for quotations (RFQs) are used for low dollar value purchases Read More …

Acquiring goods, services and construction works from only one source is referred to as: sole source procurement, single-source procurement, sole-source selection, direct procurement, among others. This is clearly a non-competitive procurement method, and it should be used only under exceptional Read More …

Open tendering is the preferred competitive public procurement method used for acquiring goods, services and infrastructure works. It is executed in accordance with established procedures set out in the procurement guidelines and detailed in the standard bidding documents. Open tendering Read More …

Threshold refers to the nominal amount above which the procurement method cannot be applied. It represents the highest estimated amount of applying method irrespective of any other consideration. Threshold matrix is the matrix established to regulate the authorization necessary for Read More …

The procurement principles encompass: Strict compliance to the legal and regulatory framework when effecting procurement; Achievement of economy and efficiency in the delivery of service; Promotion of value for money through effective competition and careful procurement planning; Balancing between the Read More …