Smart Tips about Public Procurement
Public procurement is sourcing for goods and services like construction amenities such as schools for use by public on behalf of the government which represents its people.
The government requires many goods and services in order to run smoothly and deliver on its manifesto. 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. Public procurement is mainly done through bids tenders and contracts. Once government bids are advertised in public newspapers the all qualified people and companies apply according to their area of specialization and pay a non-refundable fee which is supposed to limit the applications and enable serious companies and people with the ability to deliver 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.
A person or company can participate in public procurement tenders, bids and contracts by visiting the government agencies physically or on their websites mandated to advertise on behalf of the government since they publish all tenders, contracts and bids for instance in the united states such agencies are Request for proposals (RFPS) and Request for Quotations (RFQS). Once you get a connection with the request for proposals and request for quotation websites, they will mail you government tenders, bids and contracts available on daily basis based on your interests and you get to apply. There’s a way where one can increase their chances of winning if they participate in Request for Tenders (RFT) and Request for proposal(RFP) which happens if the value for goods and services is more than $25000 the process in which other factors apart from the lowest price, this is unlike other procurement procedure
Visiting the platform will lead you to the process of making an application. Once you make an application you will get an invitation to bid which requires you to provide a proposal for the specific item you had applied for. When all the proposals and projects have been submitted the tender opening committee opens all of them and groups them according to the many categories that had been advertised and after going through all of them and considering some factors they award the lowest bidder..
Request for quotation(RFQ) normally happens if the requisition given out is for an amount less than $25,000.