Competitive Procurement: How to Run a Tender Process

[@Onlinepmcourses]

Running a procurement process - or having one as part of your project - is something a lot of Project Managers will need to do at some point. Let's take a look at how the process works. Thank you for watching - please do subscribe to the channel and, to join my community, sign-up at onlinepmcourses.com/assets440251/the-onlinepmcourses-newsletter/

[@stemsparksolutionsofficial]

Thanks for sharing, I appreciate the 17 steps! Initially I thought yikes 17 steps but after watching, I think I really appreciate the approach.

[@Onlinepmcourses]

You're right - Usually, I like to simplify to 7 steps or fewer and consolidate multiple actions in each step. But here, precision matters. I am glad that worked for you.

[@janealam2991]

Excellent demonstration, very simply & specific way explained. It’s really helpful…

[@Onlinepmcourses]

Thank you very much - my mission is to explain PM ideas simply!

[@Viewpoint-1984]

Short and simplest way for easy understanding,appreciated

[@Onlinepmcourses]

Thank you.

[@worcestersorcerer]

Thank you, an excellent and well defined process to follow

[@Onlinepmcourses]

You're welcome - thank you.

[@Babu-l7u]

Quality information sir

[@Onlinepmcourses]

Thank you, Manoj.

[@r.i.4259]

Short but very good course, thank you!

[@Onlinepmcourses]

You're welcome.

[@maungmaungkhaing6258]

Thanks you are taking about learning management and marketing and organizations but you will understand me wait to time for my jobs and stay in room you can live longtime.

[@Onlinepmcourses]

All the best

[@djabrayilmagerramov6731]

explained perfectly!

[@Onlinepmcourses]

Thank you

[@nicolasturcotte-legare2242]

Thanks for the very interesting video, Mike!

[@Onlinepmcourses]

My pleasure, Nicolas.

[@frederickhunder9116]

Thanks. This was very helpful. Looking for info to help construct my church new building

[@Onlinepmcourses]

Nearly 500 videos on this channel to help you. Good luck.

[@natalieabiraad4854]

Thank you for the interesting video Mike

[@Onlinepmcourses]

You're welcome, Natalie.

[@HeavenestStCyr]

What does standing of the bidder mean? 1:55

[@Onlinepmcourses]

Somebody's standing' - it's British idiom that slipped in - sorry. Somebody's standing is their status in terms of how people regard them. In this context, we shold consider their reputation, financial strength, credit rating... I used the term as a shortcut to mean we need to assess whether this is an organization that we feel confident and comfortable doing business with.

[@boikanyodhlodhlo7271]

Thank you for this insightful info

[@Onlinepmcourses]

My pleasure

[@RahulKumar-m1j2q]

how long does this typically take?

[@Onlinepmcourses]

There is no 'typical'. A big public sector procurement for a mega project can take years. A small procurement for a modest project in an owner-managed business can take a very few weeks - maybe just days. Context is everything. However, your organization may have procedures with rules that set out time scales. So too will any public sector procurement, in many countries.

[@RahulKumar-m1j2q]

@@Onlinepmcourses Cool, that makes sense. What are the parts of the process that take the most time and require the most work?

[@Onlinepmcourses]

@@RahulKumar-m1j2q I would always allow the most time for getting the specification right. Then, plenty of time to ensure that the suite of tender documents is clear and accurate. If you get the spec wrong, then no matter how well you run the tender process, you'll end up with the wrong outcome.

[@RahulKumar-m1j2q]

amazing, that makes a lot of sense. do you have any recommendations for softwares that are commonly used for these processes and how good they are?@@Onlinepmcourses

[@zandilemnguni3354]

I have been tendering with UN organization i noticed that some of their agencies they don't award bids on bid validity time.how long does they take after finalizing ITB to award a bid?

[@Onlinepmcourses]

+I am afraid that I do not know the UN's tender management procedures. I also suspect that different sections may have variant processes and that some may not stick closely to them for many different reasons. The only approach for you to take is to follow the procedures for contacting the issuing officer of their representative and politely ask the question. Good luck.

[@joshowens2062]

Subscribed

[@Onlinepmcourses]

Thank you

[@joshowens2062]

👏👏👏👏👏👏

[@Onlinepmcourses]

Thank you!

[@SourcingtoSales]

Great insights on procurement! As a fellow procurement professional, I appreciate the valuable content you're sharing. I also create content on career advice in procurement and business management; feel free to check out my channel for additional tips and discussions. Always great to connect with like-minded professionals!

[@Onlinepmcourses]

Awesome, thank you!