Tender board
Encyclopedia
A Tender board is a committee or institution involved in the Government procurement
procedure. It formulates requirements for the intended purchase of goods or services, compiles these formulations in a tender document
, and hands these documents out to interested suppliers, usually for a fee. After the closing date for bids, the tender board evaluates the proposals received and decides on the awarding of the tender.
Public sector
organizations are usually legally obliged to release tenders for works and services. Regulations vary on whether or not to necessarily award the tender to the lowest bidder, or to award it at all.
n government has been established by the Tender Board Act. 16 of 1996. Preference is given to local companies if possible. Since early 2010, all unskilled and semi-skilled labour must be sourced from within Namibia in order to qualify for government tenders.
Government procurement
Government procurement, also called public tendering or public procurement, is the procurement of goods and services on behalf of a public authority, such as a government agency...
procedure. It formulates requirements for the intended purchase of goods or services, compiles these formulations in a tender document
Request for Proposal
A request for proposal is issued at an early stage in a procurement process, where an invitation is presented for suppliers, often through a bidding process, to submit a proposal on a specific commodity or service. The RFP process brings structure to the procurement decision and is meant to...
, and hands these documents out to interested suppliers, usually for a fee. After the closing date for bids, the tender board evaluates the proposals received and decides on the awarding of the tender.
Public sector
Public sector
The public sector, sometimes referred to as the state sector, is a part of the state that deals with either the production, delivery and allocation of goods and services by and for the government or its citizens, whether national, regional or local/municipal.Examples of public sector activity range...
organizations are usually legally obliged to release tenders for works and services. Regulations vary on whether or not to necessarily award the tender to the lowest bidder, or to award it at all.
Namibia
The tender board of the NamibiaNamibia
Namibia, officially the Republic of Namibia , is a country in southern Africa whose western border is the Atlantic Ocean. It shares land borders with Angola and Zambia to the north, Botswana to the east and South Africa to the south and east. It gained independence from South Africa on 21 March...
n government has been established by the Tender Board Act. 16 of 1996. Preference is given to local companies if possible. Since early 2010, all unskilled and semi-skilled labour must be sourced from within Namibia in order to qualify for government tenders.
See also
- Call for bids
- Request for tenderRequest for tenderA request for tender, commonly abbreviated to RFT, is a formal, structured invitation to suppliers for the supply of products or services. In the public sector, such a process may be required and determined in detail by law to ensure that such competition for the use of public money is open, fair...
- Invitation for bidInvitation For BidAn invitation for bid or invitation to bid is an invitation to contractors or equipment suppliers, through a bidding process, to submit a proposal on a specific project to be realized or product or service to be furnished. IFB is generally the same thing as Request for Quote...
- Request for proposalRequest for ProposalA request for proposal is issued at an early stage in a procurement process, where an invitation is presented for suppliers, often through a bidding process, to submit a proposal on a specific commodity or service. The RFP process brings structure to the procurement decision and is meant to...
- Tendering
- Request for tenderRequest for tenderA request for tender, commonly abbreviated to RFT, is a formal, structured invitation to suppliers for the supply of products or services. In the public sector, such a process may be required and determined in detail by law to ensure that such competition for the use of public money is open, fair...
- Request for quotationRequest for QuotationA request for quotation is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products or services. RFQ, generally means the same thing as IFB ....
- Government procurementGovernment procurementGovernment procurement, also called public tendering or public procurement, is the procurement of goods and services on behalf of a public authority, such as a government agency...
- Request for informationRequest for InformationA request for information is a standard business process whose purpose is to collect written information about the capabilities of various suppliers. Normally it follows a format that can be used for comparative purposes....