Bid Evaluation

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Bid Evaluation is a contractor selection process that is the evaluation of proposals to select the successful supplier, contractor, or subcontractor among proposed bidders in accordance with the bid evaluation criteria. The Bid Evaluation consists of a Commercial Bid Evaluation (CBE) and Technical Bid Evaluation (TBE).

Related Definitions in the Project: The Project Proposal; Procurement

Posted in Management, Procurement and tagged , , , .

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