Functionality and Tenders
In all competitive bids/tenders you as the bidder will have to respond to Functionality. You will need to score a set minimum number of points, measured as a percentage, on Functionality of a competitive bid (tender) in order to advance to the next phase of evaluation in the tender process.
Tenders, B-BBEE and the new Preferential Procurement Regulations 2017
Having a good B-BBEE status level is VERY IMPORTANT in the tender process!
Brand new Preferential Procurement Regulations 2017 for Tenders
The brand new Preferential Procurement Regulations 2017, have been finalized and gazetted on 20 January 2017. There are some interesting changes and challenges that we will discuss during the coming months. We start off with the official media release from National Treasury:
When to sub-contract?
There seems to be a lot of confusion amongst entrepreneurs when it comes to tenders and sub-contracting. The Draft Preferential Procurement Regulations, have been gazetted and are currently up for review. However, these Regulations are the major cause for the confusion. Many entrepreneurs ask whether they should sub-contract or not whilst responding to a tender.
3 Basic Tips to Remember When Responding to a Tender
Do Your Research
These categories are:
- Black female owned EME's or QSE's;
- Black youth owned EME's or QSE's;
- Black owned EME's or QSE's.
After the Preferential Procurement Regulations were gazetted there is a need for businesses to find sub-contractors.
Difference Between a RFI, RFQ and RFP
We are regularly asked what the difference is between a Request for Information (RFI), a Request for Proposal (RFP) and a Request for Quote (RFQ).
"RFX" is a term used, to refer to all 'Request For…' documents used to solicit responses, of various types, from suppliers. The three common documents are:
7 New Sectors added to Designated Sectors
Designated Sectors are those sectors that have been identified to have a certain percentage of Local Content. Meaning that Designated Sectors' goods must be manufactured locally or a certain percentage of these goods must be manufactured locally.
8 Rules When Submitting Your Tender Response
We recently presented our tender workshop: 'How to respond to a tender correctly', and we realized that there are still people that struggle when it comes to submitting their tender response.
Here below are eight rules to follow, when submitting your tender response.
10 Principles When Pricing Your Tender