Tendering Contracts: What is a Bidder List

Description

This Skill Bit shows that a bidder list, also known as a vendor or supplier list, is a record of pre-qualified suppliers interested in participating in procurement activities for a project or organization. It streamlines vendor identification, invitation, and selection. The process involves compiling and updating the list, registering and qualifying suppliers, inviting bids, evaluating proposals, awarding contracts, and continuously improving procurement efficiency. This ensures effective, transparent, and competitive procurement.

Duration approx. 5 Min.

Tier: proficiency