Contract signature (from decision to award to the signing of the contract) - financial close may occur at the end of this period or at a later time after contract signature. ![]() Bid evaluation (including qualifications in a one-stage open tender) and award - the procuring agency receives, analyzes/assesses, evaluates, and selects a winner (usually named the preferred bidder).Bid period – from launching through bid submission or reception (in open tenders without pre-qualification) or from invitation to offer (or to negotiate) through bid submission in other processes. ![]()
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