There are Assorted Types of Tenders, Some of them are listed Below;
Open Tender - In Open Tender anyone can participate. The Participant has to ensure that they fulfill the minimum Pre-Qualification criteria specified in the tender document to qualify. If they do not meet the pre qualification criteria, their bid will be rejected & they will loose the document fees they have paid. It is necessary that open Tender is advertised in newspaper. The Lowest Bidder or L1 generally wins the contract.
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Limited or Closed Tender - In Limited Tenders, only pre qualified or empanelled bidders are allowed to participate. As Limited Tenders are not advertised in newspapers, other bidder generally do not come to know that Such tender is floated. The Lowest Bidder or L1 generally wins the contract.
ICB or International Competitive Bidding - In such tender companies from outside India can also participate in Indian Tenders.NCB or National Competitive Bidding - In such tender only Local or Indian companies can Participate. Companies Registered in Other Countries cannot Participate.
RFP or Request for Proposal - In RFP a Company is supposed to submit only the Technical proposal. Indicative price bid can also be invited, if so required by Buyers. Once RFP Round is Over, RFQ or Request for Quote can be invited from shortlisted Bidders.
Another Purpose of RFQ is to understand the Current technology Available in the market. For e.g. if a new power plant is to be built, the government can float an RFP stating that it wants to build a 1000 MW power plant, different Bidder will submit their response stating that they can build either Thermal, Nuclear, Solar, Fuel, Coal based plant. On the basis of response from different bidders, buyer will select either of the technology & then float a fresh tender or just invite bids from Pre Qualified bidders.
RFQ or Request for Quote - In RFQ, a company has to submit their best offer & on the basis of this decision the contract is awarded. For example if someone wants to buy 1 Window AC, only RFQ is floated because no Technical pre qualification is required as it is a standard product.
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RFI or Request for Information - Similar to RFP
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EOI - Expression of Interest - Similar to RFP
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Singe Envelope Bidding - In Such Tender both Technical Bid & Price bid is submitted in a similar Envelope. Both Technical & Price Bid is opened Alongside & bid is awarded on the spot.
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Envelope Bidding - In such Tender, Technical Bid & EMD is submitted in one Envelope & Price Bid is submitted in Second sealed envelope. together Envelopes are then put in a Big Envelope, is sealed & submitted. First Technical bid containing EMD is opened & price bid of only those bidder who are found technically qualified are opened subsequently at a shortly date.
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Multiple Envelope Bidding - In such Tender, EMD is Submitted in 1st Envelope, Technical Bid is Submitted in 2nd Envelope & Price Bid is submitted in 3rd envelope. If required pre qualification bid can be submitted in divide envelope. First EMD envelope & pre Qualification envelope is opened. Than Technical envelope of only those bidders who pre qualify is opened.
In last those who are found technically qualified, their price bid is opened.
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Pre Bid Meeting - In some tenders who are of high value pre bid meeting is allowed. In pre bid meeting, Buyer & Bidders get together & buyer tries to resolve the queries of one or many bidders. The pre bid meeting is scheduled on a specific day, where all bidders can stay present or can post their queries on or before the pre bid assembly date.
Corrigendum - If any Change/Correction is to be made in Tender Notice or Tender Document, the same can be made by issuance of Corrigendum.
Please note that Corrigendum can only be issued before the due date & time of tender submission expires. Beside a Tender, any number of corrigenda can be issued.
- Corrigendum is issued after pre bid meeting to post clarifications.
- Corrigendum is issued in case tender due date is extended
Addendum - If any new content is to be integrated in Tender Document, the same is done by means of issuance of addition. However in numerous Tenders, it is also done by issuing a corrigendum notice.
All Queries of Those who are Current or who have Mailed are Read out and Clarification is Provided.
How Many Types OF Tenders?