Scribd Logo
Upload

Welcome to Scribd!

  • The Competitive Bidding Process: Carlo Ibuyan

    Uploaded by

    Carlo Ibuyan
    11 views2 pages
    Competitive bidding is the most prevalent procurement method used to purchase construction services through a process where multiple contractors submit bids to undertake a project. It has been used for a long time to buy construction and is implemented to reduce risks like fraud and favoritism while reassuring taxpayers that funds are being spent appropriately.

    Original Description:

    fff

    Original Title

    Bidding Process

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Competitive bidding is the most prevalent procurement method used to purchase construction services through a process where multiple contractors submit bids to undertake a project. It has been used for a long time to buy construction and is implemented to reduce risks like fraud and favoritism while reassuring taxpayers that funds are being spent appropriately.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    11 views2 pages

    The Competitive Bidding Process: Carlo Ibuyan

    Uploaded by

    Carlo Ibuyan
    Competitive bidding is the most prevalent procurement method used to purchase construction services through a process where multiple contractors submit bids to undertake a project. It has been used for a long time to buy construction and is implemented to reduce risks like fraud and favoritism while reassuring taxpayers that funds are being spent appropriately.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 2

    THE COMPETITIVE

    BIDDING PROCESS
    CARLO IBUYAN
    PROCUREMENT- the purchasing of construction services.
    - signifies the purchasing steps that the
    owner takes to obtain goods and services.

    COMPETITIVE -the most prevalent procurement


    method used to buy construction
    BIDDING services.
    -has been used to buy construction for a
    very long time.

    -implemented to reduce the risk of fraud,


    favoritism, and undue influence and to
    reassure taxpayers that their tax dollars
    were being spent properly.

    You might also like