Day: March 9, 2022

After the opening of proposals, the evaluation should be conducted in accordance to the evaluation criteria provided for in the bid document or the request for proposal. The accounting officer shall establish an ad hoc evaluation committee in accordance with Read More …

Receiving The date, time and place for receiving proposals including the manner in which they could be marked and sealed must be clearly stated in the solicitation documents. It is the bidders’ responsibility to ensure that their offers are submitted Read More …

An RFP (Request for Proposal) is a flexible document used when purchasers seek solution based responses to meet their needs or requirements. An RFP might be used when factors other than price are central to the evaluation of each offer Read More …

The following six main principles need to be considered during selection process of consultants for each consultancy service: 1. Provision of high quality services. 2. Value for money. i.e. Should be economic and efficient 3. Fair and open competition among Read More …

1. They are very personal. This is where a customer walks in and gets what they want done and then leaves. The consultant will be one on one with their client, offering information and solution. It is of importance that Read More …

There are different kinds of services that consumers use every day. There are common and often used services based on the convenience and location such as dry cleaning services, cab services and so on etc. There are also specialized services Read More …

Market psychology and trader perceptions influence the foreign exchange market in a variety of ways: • Flights to quality: Unsettling international events can lead to a “flight-to-quality”, a type of capital flight whereby investors move their assets to a perceived Read More …

These include: economic policy, disseminated by government agencies and central banks, economic conditions, generally revealed through economic reports, and other economic indicators. • Economic policy comprises government fiscal policy (budget/spending practices) and monetary policy (the means by which a government’s Read More …

The following theories explain the fluctuations in exchange rates in a floating exchange rate regime (In a fixed exchange rate regime, rates are decided by its government): 1. International parity conditions: Relative purchasing power parity, interest rate parity, Domestic Fisher Read More …

Money transfer companies/ remmitance companies perform high volume- low value transfers generally by economic migrants back to their home country. In 2007, the Aite Group estimated that there were $369 billion of remittances (an increase of 8% on the previous Read More …