In two-stage bidding the first stage of bidding invites tenderers to submit technical solutions or provide information about their proposed offering. In the light of the responses, the buyer shortlists from amongst the respondents and then issues another set of offer documents, which typically invite the shortlisted respondents to submit commercial offers. See also Request for Information.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
