What are the methods of procurement?
UNDP procurement is based on competitive bidding. Bids are obtained by means of formal tender. Depending on the nature and size of the project and its procurement elements, commonly used methods of solicitation include: Request for Quotation (RFQ) An RFQ is an informal invitation to submit a quotation, usually for goods/services/civil works at a value between US$2,500 and 100,000. Prices, and other commercial terms and conditions are requested and award is made to the lowest priced technically acceptable offer. Invitation to Bid (ITB) An ITB is a formal invitation to submit a bid, usually associated with requirements that are clearly and concisely defined, with an estimated procurement value of US$100,000 or more. Normally price is the sole determinant in making an award. Where all technical criteria are met, an award is made to the lowest bidder. Request for Proposal (RFP) An RFP is a formal request to submit a proposal, usually associated with requirements for services, which can not
UNDP procurement is based on competitive bidding. Bids are obtained by means of a formal tender. Depending on the nature and size of the project and its procurement elements, commonly used methods of solicitation include: • Request for Quotation (RFQ) An RFQ is an informal invitation to submit a quotation, usually for goods/services/civil works at a value between US$2,500 and US$100,000. Prices, and other commercial terms and conditions are requested and an award is made to the lowest-priced, technically acceptable offer. • Invitation to Bid (ITB) An ITB is a formal invitation to submit a bid, usually associated with requirements that are clearly and concisely defined, with an estimated procurement value of US$100,000 or more. Normally price is the only determining factor in making an award. Where all technical criteria are met, an award is made to the lowest bidder. • Request for Proposal (RFP) An RFP is a formal request to submit a proposal, usually associated with requirements for s
