What is bidding?

Bidding, also known as tendering and bidding, refers to the process in which a tenderer issues bidding documents to potential bidders, puts forward purchasing requirements, invites bidders to submit bidding documents, selects the best bidder through evaluation, and determines the winning bidder.

Bidding is a kind of market transaction behavior, which includes two stages: bidding and tendering. In the bidding stage, the tenderer puts forward the procurement requirements and conditions by issuing the bidding documents, and invites many potential bidders to participate in the bidding. In the bidding stage, the bidder submits the bidding documents and puts forward his own supply plan, service commitment and technical scheme according to the requirements and regulations of the bidding documents.

Bidding is generally applicable to the procurement of bulk commodities or services such as government procurement, construction projects, equipment leasing and consulting services. The purpose of bidding is to select the supplier that best meets the procurement needs by introducing competition mechanism, and to ensure the openness, fairness and transparency of the procurement process.

Bidding has the following characteristics:

1. Competition: Bidding introduces market competition mechanism, and through public solicitation and invitation of bidders, multiple suppliers compete on the same starting line, so as to select the best supplier.

2. Openness and transparency: The bidding process should be open and transparent, including bidding information, evaluation criteria and evaluation results of bidding documents. This will help prevent corruption and unfair behavior and ensure the fairness of competition.

3. Fairness: the principle of fairness should be followed in the bidding process to ensure that all bidders enjoy equal rights and opportunities. Evaluation criteria should be objective and fair, avoiding subjective prejudice and conflicts of interest.

4. Economy: Bidding can reduce procurement costs and improve economic benefits. By introducing competition, bidding is helpful to reduce the purchase price and improve the purchase quality and efficiency.

5. Normality: The bidding process should follow the laws, regulations and norms of the state and local governments. Both tenderers and bidders need to abide by relevant regulations and procedures to ensure the standardization and legality of bidding activities.

Bidding is an important way of commodity trading, which can promote market competition, reduce costs and improve efficiency and quality. In the process of bidding, both the tenderee and the bidder need to abide by the requirements of laws, regulations and norms to ensure the fairness, openness and transparency of bidding activities.