Which of the following are prerequisites to run a successful bidding process?

CIPS L4M2 Question Answer

Which of the following are prerequisites to run a successful bidding process? Select TWO that apply:

The value of the purchase must be high enough to justify the associated bidding costs of potential suppliers

The market contains an adequate number of suitably qualified suppliers

Only those suppliers who have worked with the buyer in the past are allowed to bid

Bids must be submitted within twenty calendar days

The requirement can be met without the need for subcontracting

L4M2 PDF/Engine

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