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The bid price refers to the total value of a submitted bid in a procurement procedure.
The bid price is usually composed of the individual service items that the bidder has offered for the services to be provided or the tendered product.
The bid price ensures the comparability of the bids and enables the contracting authority to determine the most economical bid. However, the contracting authority may also determine the economic viability of a bid on the basis of other indications and, for example, other evaluation criteria such as quality, technical characteristics or experience of the bidder, concepts to be prepared, etc. may also be taken into account.
As a rule, these quality criteria are then set against the bid price in a certain ratio to be specified by the client. The most economical bid is then selected for award from the bid value determined in this way, whereby the exact calculation depends on the individual case and can vary greatly. It is therefore imperative to consult the relevant procurement regulations and documents in order to obtain precise information for determining the bid value.
In public procurement law, there are several aspects to consider when looking at bid value. Here are some important points:
It is important to note that the exact requirements and regulations which the contracting authority uses to determine the most economical offer can vary greatly depending on the individual case. The contracting authority has a very wide range of options, which are limited only by the principles of equal treatment, transparency and economic efficiency under public procurement law. Since, apart from this, there are hardly any concrete legal limits, it is often difficult for bidders to verify the legality of the methodology chosen by the contracting authority. It is therefore advisable to seek legal advice, especially in the case of more complex evaluation methods that are not based solely on the bid price. This is because the contracting authority also regularly makes mistakes both in the design and in the evaluation itself, which can cost the bidder his contract.
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Germany
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Germany
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Contact
Phone: +49 341 238203 - 00
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E-mail: info@abante.de
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