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After the prescribed date, the bids are opened and assessed, and either the "lowest cost" or "most economically advantageous tender" is chosen. The contract award must also be reported in the OJEU and be published electronically on Tenders Electronic Daily ('TED'). The system is under constant revision to avoid misuse.
TED (Tenders Electronic Daily), the online version of the Supplement to the Official Journal of the European Union, dedicated to European public procurement. It is the official entry point to all business opportunities involving public procurement contracts for values above EU thresholds (EUR 144 000) in the European Union, the European ...
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[citation needed] On 1 July 2013, published issues of the Official Journal began to have legal value only in electronic form, per Article 5 of Regulation (EU) No 216/2013. [3] [4] From this date, the printed version has lost its legal value. [5]
Notices published on simap.ch include requests for tender, requests for information, and contract awards by Swiss federal, cantonal and municipal authorities and public enterprises as provided for by law. Most notices are also republished in the European Union's Tenders Electronic Daily, based on agreements between Switzerland and the EU.
A tender notification is the publication and circulation of procurement opportunities by the procuring entity in various media like: Newspapers, purchasers's own website and government tender bulletin etc. The main objective of wider publicity is to make these opportunities available to a wider supplier community, increase the competition and ...
The European Single Procurement Document (ESPD) is an electronic self-declaration document to be submitted by suppliers interested in tendering for contracts for the supply of goods, works or services to public bodies located anywhere within the European Union.
E-procurement (electronic procurement, sometimes also known as supplier exchange) is a collective term used to refer to a range of technologies which can be used to automate the internal and external processes associated with procurement, strategic sourcing and purchasing.