How does a bidder become pre-qualified to bid and how often does the bidder need to renew its pre-qualification status?
In order to become a pre-qualified bidder, a firm must respond to a specific SPN and submit a completed Pre-qualification Questionnaire. There is no renewal of the pre-qualification status required by the Bank because the pre-qualification exercise is undertaken, on a case-by-case basis, for each major and or complex contract, and all interested firms can submit their pre-qualification data for consideration specifically for that contract. Pre-qualified bidders are expected to update their pre-qualification data during bidding.
