The bid opening event is not a place for parties to discuss information in their bids, and bidders may not change or supplement information contained in their submitted bids. Then, at the bid opening, the bid solicitor must not make any decision regarding the acceptance or rejection of the bid. So what is the procedure for opening bids according to the law? Let’s find out with Lawyer X through the following article:
Legal basis
Decree No. 63/2014/ND-CP
Consulting content
What is bid opening?
Bid opening is an important event in the bidding process and held publicly with the participation of contractors and related parties. Besides, the time and place of the bid opening event clearly stated in the bidding documents.
Bid opening is usually right after closing bids, or after receiving bids to the place of bid opening. To ensure the safety of the preservation of bids, the place to receive bids is located very close to or together with the place of bid opening.
Procedures for opening bids by the law
Decree No. 63/2014/ND-CP stipulates the order of bid opening as follows:
The bid opening must conduct publicly within 01 hours. Only open the dossiers received by the bid solicitor before the bid closing time as required by the dossiers. In the presence of representatives of contractors, regardless of the presence or absence;
Bid opening conducts for each bid in alphabetical order of the bidder’s name; in the following order:
To request the representative of each bidder attending the bid opening to confirm whether or not a letter of discount is attached to his or her bid;
Sealing test;
Open the dossier and read the information about: Name of the contractor; the number of originals and photocopies of the dossier; bid price stated in the bid application; discount value; validity period of the application; duration of the contract; the value and validity of the bid security;
Bid opening minutes: The information mentioned at Point b of this Clause must record in the bid opening minutes. The bid opening minutes must sign for certification by the representative of the bid solicitor; Contractors attending the bid opening ceremony. Must send to participating bidders;
So, The representative of the bid solicitor must sign for certification on the original bid application, letter of discount, power of attorney of the legal representative of the contractor; Codeshare Agreement; bid security; financial proposals, and other important contents of each bid.
Related article:
How can a violation of bidding regulations be penalized?
Bidding conditions of contractors in Vietnam
Frequently asked questions:
Most large organizations have formal procurement organizations that purchase goods and services on their behalf. Procurement is one component of the broader concept of sourcing and acquisition. Procurement professionals are increasingly realizing that their purchasing supplier decisions fall on a continuum, from purchasing simple transactions to purchasing more complex and strategic goods and services.
Online bidding
Bidding works in two ways online: unique bidding and dynamic bidding.
Unique Bidding: In this case, bidders bid as globally unique, which means that for a bid to qualify, no one else can bid for the same amount, and tenders are usually confidential. There are two variations of this type of bidding: the highest single bid and the lowest single bid.
Dynamic Bidding: This is a type of bidding where a user can set his or her bid for a product. Whether the user is present or not in the bidding, the bidding will automatically increase up to the specified amount. Once the user’s bid value is reached, his bidding will stop.
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