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High-level Process Steps for Conducting Project Procurements
Obtaining Seller Responses Selecting a Seller The first step is to ensure that the short-listed bidders completely and correctly understand all the project requirements. The proper vehicle for this is the bidder conference (A Guide to the Project Management Body of Knowledge, 2008) where all information will be imparted and questions answered. The client would then have to prepare to respond to proposals as they come in. It needs to come up with proposal evaluation techniques. It has to have a clear idea on the reasonable range of pricing by making its own independent estimates from ...
