Month: March 2022

Offer: an unequivocal and clear manifestation by one party of its intention to contract with another. Unequivocal: clear, definite and without doubt Invitation to treat: This is a mere invitation by a party to another or others to make offers Read More …

A contract: A contract intends to formalize an agreement between two or more parties, in relation to a particular subject. Contracts can cover an extremely broad range of matters, including the sale of goods or real property, the terms of Read More …

Trend 1: More accurate demand planning Vendors and manufacturing organisations in the IT supply chain are moving from plant-level production planning to a demand-driven focus. This creates a more customer-oriented mindset and drives down costs without sacrificing operational efficiency. But Read More …

The Evaluation Committee should conduct a financial evaluation and comparison to determine the evaluated price of each bid and determine the highest evaluated bid, which is substantially responsive to the requirements of the bidding document. The evaluated price for each Read More …

The methodology for the evaluation of bids should consist of: Eligibility of the bidder. Compliance with the conditions of sale; The bid price quoted Where appropriate, the Procuring Entity may include additional evaluation criteria in the bidding document, which should Read More …

Bids should be invited through the publication of an announcement of tendering proceedings. No pre-qualification should be conducted for disposing of stores, assets or equipment. Prequalification may only be resulted to with the prior approval of the PPOA. Contents of Read More …