What is technical and financial bid?

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What is technical and financial bid?

– I :- “Technical Bid” (1st Envelope) shall contain:- a. d) Undertaking to the effect that Bid shall remain valid for the period as specified in Clause 15.1. Part – II :- “Financial Bid “ (2nd Envelope) shall contain:- a. ) Schedule of Rates (Rates to be quoted by the Bidder as per Schedule of Quantities in the NIT).

What is financial bid capacity?

Assessed bid capacity = A x N x M – B where A is maximum value of civil engineering works executed in any one year during the last five years, N is number of years prescribed for completion of the works (period up to 6 months to be taken as half-year and more than 6 months as one year), M is taken as 2.5 and B is the …

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What is difference between technical bid and price bid?

1.1 Both Technical and Price Bid should be submitted separately. 1.2 Each copy of the technical bid submitted as per the format under section III should be covered in a separate sealed cover super scribing the wordings “Technical Bid”. Price Bid should only indicate prices (item-wise and inclusive of taxes).

What happens at a bid opening?

Bid Opening: Stage in project advertisement process where sealed bids, received by prospective bidders (Contractors) are opening and examined by the County. Bidder: An individual, partnership, firm, corporation, or joint venture, submitting a proposal or bid.

How do I participate in online tender?

How to participate: On visiting https://www.bestetender.com, the tenders in process (Active tenders) can be viewed on the ‘HOME PAGE’ with brief details such as description of the items, tender quantity, Bid Begin Date and Bid End Date, etc. along with technical specifications.

How is bid capacity calculated?

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The available bid capacity shall be calculated as under: Assessed available Bid Capacity = (A*N*2-B) Where ‘N’ = Number of years prescribed for completion of the subject contract. ‘A’ = Maximum value of works executed in any one year during last five years.

What is freak rate?

If the Freak Rates found below and above 15\% for each item the Tender will be rejected…quote the Freak Rates; if the Freak Rates are found below and above 15\% for each item, the tender will be rejected.

What does bid mean in finance?

(redirected from Bid (finance)) Also found in: Dictionary, Thesaurus, Encyclopedia. This is the quoted bid, or the highest price an investor is willing to pay to buy a security. Practically speaking, this is the available price at which an investor can sell shares of stock.

What is the difference between bid price and offer price?

A bid price for a financial asset is the highest price that the buyer is willing to pay for the financial asset. The offer (or ask) price, is the price that the seller of a financial asset will accept to sell the financial asset. Bid and offer are quotes on a single type of financial asset,…

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What is bid and ask in stock market?

1 The Basics of Bids. The bid is the price of a stock for a buyer, while the ask represents the price a seller is willing to accept on the trade. 2 Inside the Spread. The spread between the bid and the ask is a reliable indicator of supply and demand, for the financial instrument in question. 3 Market Makers.

What are the different types of bids?

Types of bids include auction bids, online bids, and sealed bids. Buyers and sellers keep the market going. Each participant facilitates the purchase and sale of assets.