What is the bidding process in procurement?
An example of an AI chatbot conversation about the bidding process in procurement.
What is the bidding process in procurement?
The bidding process in procurement involves inviting suppliers to submit proposals for goods or services.
What are the key steps in the bidding process?
Key steps include defining requirements, issuing a request for proposals (RFP), evaluating bids, and awarding the contract.
How do I evaluate bids effectively?
Evaluate bids based on criteria like price, quality, supplier reputation, and compliance with requirements.
What common mistakes should I avoid during the bidding process?
Common mistakes include unclear requirements, inadequate evaluation criteria, and failing to communicate with bidders.
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