{"id":1404,"date":"2019-05-17T17:49:12","date_gmt":"2019-05-17T07:49:12","guid":{"rendered":"https:\/\/comprara.com.au\/procurement-glossary\/bidding-two-stage\/"},"modified":"2020-09-17T04:48:50","modified_gmt":"2020-09-17T04:48:50","slug":"bidding-two-stage","status":"publish","type":"glossary","link":"https:\/\/www.comprara.com.au\/procurement-glossary\/bidding-two-stage\/","title":{"rendered":"Bidding, Two Stage"},"content":{"rendered":"<p>In two-stage bidding the first stage of bidding invites tenderers to submit technical solutions or provide <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Information&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Information can be defined as structured data.  For example, a list of all purchase orders is raw data.  The list is then sorted by supplier, to provide meaning over and above the raw data, by revealing patterns.  Typically there will be many suppliers having received only a few purchase orders.  That information could be a factor in a decision to reduce the supply base.  There may also be suppliers who have received multiple purchase orders, and that information may be a factor in a decision to change the method of purchase, perhaps to a procurement card.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/information\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>information<\/a> about their proposed offering.  In the light of the responses, the <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Buyer&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;The label &#x2018;buyer&#x2019; is used generically to describe the organisational role of someone whose job involves acquiring goods and\/or services on behalf of others.  The term is commonly used to describe retail buyers, whose role is often broad with an emphasis on the entrepreneurial ability to see opportunities and specify what is purchased for subsequent resale.  Organisational buyers typically have job titles such as purchasing, procurement, sourcing or category manager and typically acquire goods and services for consumption within their own organisation, not for resale.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/buyer\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>buyer<\/a> shortlists from amongst the respondents and then issues another set of <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Offer&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In a legal context an offer is &#x2018;an expression of willingness to contract on certain terms, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed&#x2019;.  Typically suppliers make offers in the form of bids, quotations or tenders, which may then be accepted by the buyer.  The offer defines the terms upon which the supplier is willing to be bound, which normally include price, date of delivery, payment terms and a description of the category.  One of the essential prerequisites for the formation of a contract is the existence of an offer.  See also Contract and Counter Offer.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/offer\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>offer<\/a> documents, which typically invite the shortlisted respondents to submit commercial offers.  See also <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Request for Information&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A Request for Information [RFI] is a market enquiry prepared by the buyer and issued to one or more prospective suppliers.  The purpose is to gather information about the category, the supplier&#x2019;s solutions, capacity and or capability, and key market intelligence.  An RFI is used when the buyer lacks understanding of the product or service and\/or the category, and wishes to increase that understanding prior to seeking commercial offers through a Request for Quotation, Proposal or Tender.  RFIs are usually part of a multi-stage procurement process, with the next step usually involving shortlisting potential respondents based on the RFI replies and inviting commercial offers.  The RFI may also be used to stimulate the supply market and to condition prospective suppliers about the potential opportunity that may exist.  See also Expression of Interest, Request for Proposal and RFx.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/request-for-information\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>Request for Information<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In two-stage bidding the first stage of bidding invites tenderers to submit technical solutions or provide information about their proposed offering. In the light of the responses, the buyer shortlists from amongst the respondents and then issues another set of offer documents, which typically invite the shortlisted respondents to submit&#8230; <br \/><a style=\"color:#00b4cd;\" class=\"excerpt-anchor\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/bidding-two-stage\/\">Read more<\/a>.<\/p>\n","protected":false},"author":2,"featured_media":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"_uag_custom_page_level_css":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bidding, Two Stage - Comprara<\/title>\n<meta name=\"description\" content=\"Bidding, Two Stage\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/bidding-two-stage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bidding, Two Stage - 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