6.2. Bid Stage

The bid stage occurs with the issue of an invitation to tender to the deadline for bid submission.

This stage is, by definition, a private sector stage. During this time, prospective bidders assess the project and the proposed contract, and prepare their bids (appendix 6A explains the bid preparation process from the perspective of a bidder).

However, the procurement team must manage the following tasks during this phase.

6.1. Launching the Tender Process [4]

Launching is the milestone that triggers the tender process. Tender documents are published through standard government processes, often in the official government bulletin or journal, on a centralized procurement website, or in regional or national newspapers.

Sometimes, in the case of procurement by sub-national governments, a tender notice is also published in the central government bulletin. In the EU member states, a public tender also needs to be made public in the EU Official Journal (OJEU).

5. Time to Prepare and Submit Offers: Requirements for Proper Assessment and Preparation by the Prospective Bidders

As introduced in section 2 of chapter 5, it is essential to give the bidders sufficient time to prepare a sound and high quality offer. Especially in open tender models, one of the common pitfalls in a PPP procurement is that the procuring authority allows bidders insufficient time for this work.

1. Where We are in the Project Cycle

During the previous phase, the contract structure was developed (with particular attention to financial and risk elements), the tender package was drafted, and authorization was sought to launch the tender process. See figure 6.1.

This phase covers the period from the launch of the project (which may be through a Request for Qualifications (RFQ) stage or by directly issuing an RFP in some jurisdictions), through the process of qualifying bidders, receiving and evaluating proposals, to the contract award and financial close stage.