Define: Competitive Tender

A competitive tender is a process in which multiple parties submit bids or proposals to compete for a contract or project. The party offering the contract evaluates the bids based on predetermined criteria and selects the most suitable bidder.

A competitive tender ensures transparency, fairness, and equal opportunity for all interested parties. It helps in obtaining the best value for money and encourages competition, leading to improved quality and efficiency in the procurement process.

Any individual or organisation that meets the eligibility criteria specified in the tender documents can participate in a competitive tender. These criteria may include financial stability, technical expertise, relevant experience, and compliance with legal requirements.

Information about upcoming competitive tenders is usually published on government procurement portals, official websites, or in newspapers. Interested parties can also subscribe to tender notification services or contact the relevant procurement authority for updates.

The specific documents required may vary depending on the nature of the tender. Generally, participants are required to submit a completed bid form, financial statements, proof of relevant experience, technical specifications, and any other documents specified in the tender documents.

Yes, a bidder can be disqualified from a competitive tender if they fail to meet the eligibility criteria, provide false information, or do not comply with the tender requirements. It is essential to carefully review and adhere to all instructions and conditions outlined in the tender documents.

Yes, a bidder who believes that the tender process was unfair or improperly conducted may challenge the outcome. This can be done through a formal complaint or by initiating legal proceedings. However, it is important to consult with legal counsel to understand the specific procedures and requirements for challenging a tender outcome.

Collusion or bid-rigging is illegal and can result in severe penalties, including fines and criminal charges. If evidence of collusion or bid-rigging is found, the tendering authority may cancel the tender, disqualify the involved parties, and take legal action against them.

Yes, a contract awarded through a competitive tender can be terminated under certain circumstances, such as non-performance, breach of contract, or mutual agreement between the parties. The termination process and any associated penalties or liabilities are typically outlined in the contract terms and conditions.