Steps in a Project Step 1: Realization of need Step 2: Planning for its fulfillment Step 3: Decision to produce or Procure Step 4: Procurement Step 5: Execution / Commissioning Step 6: Verify fulfillment of parameters Step 7: Handover for Operations.Attributes of a Project Unique purpose Temporary Requires resources Should have a primary sponsor and/or customer Involve uncertainty.OR A Project is a temporary endeavor undertaken to accomplish a unique product or service OR In simple words it’s a collection of activities which needs to be performed in certain defined constraints by a team to realize the need. What is a Project? Projects is a temporary rather than permanent social systems or work systems that are constituted by teams within or across organizations to accomplish particular tasks under time constraints.We need to implement BUT HOW?, That’s a Project!!!!!.Tendering, Bid Evaluation & Award Process Knowledge sharing by: Prateek Kashyap (With co-participation of Vipul Singhal) Tendering process, Bid Evaluation & Award Process Where this is the case the original competitive tender will serve as a framework to negotiate following phases of work. It is often used for clients who have a number of phases of similar work. Serial tendering is more of a hybrid/advanced method tendering which combines a normal competitive tender (whether single or two-stage) with negotiation. The rates submitted can then be used to value works over a series of similar projects, often for a fixed period of time following which the tendering procedure may be repeated. Serial Tendering Method: Under this, preparation of bid proposal is based on bill of quantities or schedule work.
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March 2023
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