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I have a question for everyone: In invited bidding within project tendering, can the bid price be changed multiple times? What is the significance of inviting bids?
For open tendering, as long as the technical requirements are met, the bid with the lowest price wins. Internal directed bidding allows for scoring, with rankings based on the overall score. If the highest bid exceeds your target price (subject to the estimated limit), you can submit a second bid. It still doesn’t work; it’s an unsuccessful bid. Everyone, calm down and submit bids again at an appropriate time.
Before bidding, technical discussions and negotiations are required to finalize the plan before submission. Bidding can take place in open, closed, or competitive forms, with the decision ultimately resting with the tendering party. If it is handed over to the bidding company, it’s more or less the same.
Sure, it depends on the number of times you need to clarify the technical details and the effectiveness of the discussions; The purpose of inviting bids is to ensure transparency and openness, encourage active participation from everyone, and achieve a high level of acceptance
In a formal tender process, whether it is open or invitation-based, the price cannot be changed. In reality, it’s certainly possible; inviting bids is a form of “selection”.
For projects in which state-owned funds hold a controlling or dominant position and for which bidding is required by law, public bidding must be conducted; However, tendering by invitation may be used in any of the following circumstances: (1) when the project is technically complex, has special requirements, or is constrained by natural conditions, leaving only a limited number of potential bidders available ; (II) The cost associated with using open bidding constitutes an excessive proportion of the project contract value. Invited bidding is actually similar to open bidding; the price cannot be changed in each round, unless that round is cancelled, in which case the price can be altered in the next round.
If there is no prior communication and preparation, problems usually don’t arise as long as both parties are aware of the conditions