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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.
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A "central purchasing body” is defined in the Public Contracts Regulations 2015 as "a contracting authority which provides centralised purchasing activities and which may also provide ancillary purchasing activities".
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.
(Reuters) -Elon Musk's SpaceX is preparing to launch a tender offer in December to sell existing shares at a price of $135 per share, two sources familiar with the matter said. The tender offer ...
A tender announcement from the Indonesian Ministry of Finance. An invitation to tender (ITT, also known as a call for bids [1] or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been ...
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.
In September 2021, political agreement was reached on additional provisions of the framework in preparation of the tender for the island. It was decided that the project is to be organized as a corporation in which the state owns at least 50.1% of the shares while a private partner owns at most 49.9% of the shares.