Procurement & tendering Flashcards
1
Q
what is procurement
A
act of obtaining goods & services
2
Q
what is tendering
A
how you go about obtaining goods and services
3
Q
types of tender
A
open tender
competitive tender
single source
4
Q
difference between 2 stage tender process and single stage tender process
A
single stage - full design and price based on that
2 stage- limited design, price on overheads & profits and then firm up in 2nd stage
market prefers 2 stage as less expensive to bid for
5
Q
what is a negotiated tender ?
A
through single source, confirm tender price
examples- bloomberg- BES/ sweco/ F+P
Barclays- ISS
6
Q
A
