Government Procurement Processes
- Invitation to Bid (ITB):
- Purpose: Used for projects with clearly defined requirements.
- Process: Involves a sealed bidding process where vendors submit
their bids in sealed envelopes. - Evaluation: Primarily based on price, with the contract awarded to
the lowest bidder
- Request for Quotation (RFQ):
- Purpose: Used to solicit price quotes for specific products or
services. - Process: Companies send RFQs to selected suppliers to get price
quotes. - Evaluation: Focuses on obtaining the best price for the specified
requirements.
- Request for Proposal (RFP):
- Purpose: Used for more complex projects where requirements are not
fully defined. - Process: Vendors submit detailed proposals outlining their approach,
timelines, and costs. - Evaluation: Based on multiple criteria, including technical
capability, experience, and price.