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Procurement Accelerator 2 - Westminster Business Council
Posted by Rachael Smith on 16th May 2013 at 14:44
Our Bid Manager Peter Sharpe will be speaking at the Procurement Accelerator 2 event in London tomorrow, 17th May 2013.
The event is being held by Westminster Business Council and will include support on pitching for new business and tender management.
Click here for more information on the event.
Tender Management speaking at ACCELERATE 2013 fringe event
Posted by Rachael Smith on 8th May 2013 at 16:49
On 26 June, JCI Liverpool will host a fringe event as part of ACCELERATE 2013, Britain’s first annual festival dedicated to high-growth businesses.
Tender Management Bid Manager and member of JCI Liverpool Peter Sharpe will be speaking at the event, which aims to inspire, motivate and give practical advice and guidance to entrepreneurs and professionals in today’s business world.
Peter will join Ian McCarthy, Programme Director at Liverpool Vision, to speak about why Liverpool is the right place for professionals/entrepreneurs.
The event takes place at Hill Dickinson, 1 St Paul's Square, Liverpool from 2.30pm.
Click here for more details on the event.
New Construction Client Testimonial
Posted by Rachael Smith on 18th Apr 2013 at 12:21
We've just received this great comment from a client working in the Construction sector:
"Before we were introduced to Tender Management 4 years ago our average bid scores were 60%. We have just been successful with a recent tender and scored 98.5% with their assistance."
Visit our Testimonials page to read more comments from clients in your sector!
A Guide to Jargon in Tendering!
Posted by Rachael Smith on 5th Apr 2013 at 14:22
The tendering process can be intimidating enough, without having to decipher jargon and acronyms along the way!
Take a look at our guide to some of the most commonly used terms:
What is a tender?
A tender is a formal document used by potential suppliers to buy, or ‘procure’, particular goods and services. The tender document sets out the proposals and requirements of the supplier, inviting potential providers to bid for the contract.
What is a PQQ?
‘PQQ’ stands for Pre Qualification Questionnaire. The PQQ is usually the first step in the tender process after your decision to bid. Only the top scoring businesses will be invited to tender, usually the top 3-9. The initial questionnaire is designed to obtain sufficient information to evaluate the suitability of potential suppliers and usually includes sections on:-
- - Finance
- - Legitimacy and Status
- - Quality
- - Ability to deliver
- - Environmental and Sustainability
- - Equal Opportunities
- - Health and Safety
- - Insurances
What is an ITT?
‘ITT’ stands for Invitation to Tender. An ITT is a procedure for generating offers from different bidders looking to obtain a contract for the supply of goods or services. In a restricted or negotiated tender process the ITT follows the PQQ and therefore forms one of the final parts of the tender process.
The ITT differs from a PQQ in that it asks for details of the pricing structure and asks for further information regarding the delivery of the contract.
EU rules require the ITT to include:
- - Contract award criteria
- - Contract notice periods
- - Deadlines for the procedure
- - Contact information
What is a RFQ?
‘RFQ’ stands for Request for Quotation. An RFQ is a request that an organisation puts out when it wants to hire contractors to perform a job. It is a competitive tool that encourages suppliers to bid against each other to acquire the work. The company that issues the RFQ then selects the lowest priced supplier.
What is a CPV code?
‘CPV’ stands for Common Procurement Vocabulary. CPV codes are used to help procurement personnel to classify their contract notices consistently and correctly, whilst helping suppliers to find notices which are of interest to them. They are used specifically within the European Union tendering process, making the vast amount of EU tenders a lot more manageable.
What is the OJEU?
‘OJEU’ stands for the Official Journal of the European Union. All tenders with a value over the agreed thresholds must be sent to tender and advertised in the Official Journal of the European Union. The journal is shown online at http://www.ted.europa.eu and contains all the tenders in Europe with a value over the threshold.
For answers on more tendering questions, visit our FAQ page, or sign up for our Top Tips newsletter.