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- Prequalification

Prequalification is a process conducted before opening the submission of bids to determine the suppliers or contractors qualified to participate in the tender. This process is used in large or specialized projects to ensure that competitors have the required expertise and capabilities.

Stages of Prequalification

  1. Announcement: A request for qualification is announced, inviting companies to submit their documents.
  2. Document Submission: This includes the commercial register, previous experiences, financial capabilities, human resources, and others.
  3. Evaluation: A specialized committee reviews and analyzes the documents according to the specified criteria.
  4. Issuing the Shortlist: Only qualified companies are invited to submit their bids.

Benefits of Prequalification

  1. Risk Reduction: Eliminating unqualified companies before the competition begins.
  2. Quality Improvement: Ensuring the participation of experienced and competent suppliers.
  3. Time Saving: Reducing the number of bids that need to be evaluated.

Challenges in Prequalification

  • Extended Timeframe: Prequalification adds extra time to the tender process.
  • Administrative Costs: The process requires additional resources to implement.
  • Potential Objections: Excluded companies may object to the prequalification results.
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Tenders Alerts Platform
Platform Admin
Published at
2024-11-19
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