Build a Working Capital Strategy that Strengthens Your Financial Future:
Bid Selection is the process of evaluating and choosing a contractor or supplier based on submitted bids. The selection is typically based on criteria such as cost, qualifications, experience, and compliance with project requirements.
A process in which the project owner evaluates and selects a contractor or supplier based on submitted proposals or bids. This process involves assessing the proposals based on criteria such as cost, qualifications, experience, and the proposed approach to the project. The goal is to choose the most suitable bidder who offers the best value for the project requirements. Bid selection ensures that the project is awarded to a contractor or supplier who meets the necessary standards and can deliver the project successfully.
Choosing the lowest bid for a construction project.
