Day: February 14, 2022

The contract manager shall prepare a management plan which shall give a background of the contract and capture key focus area of the contract. It shall contain the following. Background Information. Contract management team. Contractor details. Scope of contract management. Read More …

Risk is the single word that determines every contract. Adequate steps for risk mitigation must be taken in all public procurement contracts. Where the tender document so requires, an unconditional performance security must be provided by the successful tenderer issued Read More …

For each contract entered into, the Procuring Entity must designate a member of staff, or a team of staff, as the Contract Administrator responsible for administering the contract. The Procuring Entity must issue a signed letter naming and appointing the Read More …

In a procuring contract the contractor has the responsibility of performing the contract as per the terms and conditions of the contract. The procuring entity has the responsibility of meeting its obligation of paying the contractor as per terms and Read More …

A procurement Contract is a written agreement between a procurement entity and a supplier, contractor or consultant which is enforceable by law. Administration is defined as the activities involved in managing a business organization or institution. Management is defined as Read More …

After the technical evaluation, financial evaluation is conducted to determine the evaluated price of each bid and to determine the lowest evaluated bid, which is substantially responsive to the requirements of the bidding document. The evaluated price for each bid Read More …

The Evaluation Committee shall conduct a technical evaluation by comparing each bid to the technical requirements of the description of goods, works or services in the bidding document so as to determine the responsiveness of bids. The technical evaluation shall Read More …

A performance security is a guarantee that the successful bidder will: 1. Not default on its offer, and 2. Enter into contract with the Procuring Entity within specified calendar days, from receipt of the Notice of Award, and furnish the Read More …

Responsiveness of a bid is determined by the content of the bid itself and the specifications in the bidding documents. Clarifications received or requested for are also considered. A substantially responsive bid is one which conforms to all the instructions, Read More …

Keeping costs down is justified by the need to maintain transaction costs at an acceptable level to avoid bidders applying costs loaders that affect the financial of the project. The objective of Bid Securities is to avoid frivolous bids where Read More …