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Bid Instructions, or Instructions to Bidders, is a document issued by the investment bank running a competitive auction process that contains all the requirements, expectations, procedures and other information deemed necessary to aid bidders in presenting their bids.
Bidding Documents - includes the Invitation to Bid, Instructions to Bidders, Bid Form, Subcontractor List, sample bidding and contract forms, proposed Contract Documents as defined in the General Conditions and any Addenda issued prior to receipt of bids.
With an invitation for bid (IFB), a comprehensive solicitation will describe the project in detail, including submission requirements, deadlines, project scope, duration, minimum qualifications, mandatory service standards, and required warranties.
Reject the bid. Explain the reason for the rejection, such as the estimated cost was too high or that another company had more experience with the particulars of the project. You may also say if there was something wrong with the bid, which can help the contractor to avoid making the same mistake in the future.
If you're not comfortable getting into the specifics about why the contractor didn't get the job, simply let him or her know that you have decided to go with another company for your project. You can end the message by thanking him or her for their time, which is a courteous and sufficient close.
With an honest, direct, and kind approach, there don't have to be any hard feelings.Email (Don't Call) When you're telling a contractor that you went with someone else, a phone call puts you both on the spot.Thank Them for Their Time.Provide Honest Feedback.Stay Positive.Leave the Door Open.
Notice to Bidders means the public advertisement inviting bids for the work contemplated. Such advertisement indicates the location of the work to be done and/or the character of the material to be furnished and the time and place for opening of bids.
Bid Notice means any advertisement by which eligible providers are invited to submit written offers to provide works, services and supplies, or any combination thereof.
An INVITATION TO BID is the notice published by the Owner or the invitation issued to prospective bidders, giving information as to the nature of the proposed project, conditions for the issuance of Contract documents, date of bidding, and information that would give the Contractor a general idea of the magnitude and
Open with a simple statement notifying the supplier that you have accepted their bid. Give the details about the required product or service and the exact date that the supplier should deliver. Include your contact information and express your appreciation to the supplier.