The process of procurement in European continent is very popular due to the availability of bulk work. Essentially, a person or business group must understand the definite measures to procure a project prior to submitting the application or bid. The sustainable procurement is important rather than just applying for it. Generally, when enterprises chalk out a plan to send RFP or RFQ, the foremost thing they consider is to assess the pros and cons of project. Thereafter, the decision making committee ensures whether the services offered by its company can support the requirements of the project owner. Financial constraints are other issues which help applicants to reach towards conclusion whether they can afford the project or not.
EU procurement is a standard mode to procure an assignment or project according to the rules set by European Union. Undeniably, the ventures of clients differ from each other, thus, the potential buyers should plan their actions accordingly. Open bidding system, restricted procurement, competitive dialogue, negotiable procedure, etc., are among the alternatives determined by EU inviting tendering applications from users or business groups. United Kingdom (UK) follows the laws of claiming the project established by EU. It is mandatory for every entrepreneurial task to be performed in a lawful manner in UK. Ideally a contractor should get acquainted with mechanism of request for quotes to proceed in a right manner. The tree tier structure of procurement in European countries comprise of: specification, selection and awarding.
To be precise, the client details his/her requirements of the contract while posting the project online or publish offline. Magazines, journals and similar resources are utilized for updating contract and procurement of the same. After posting the project, client awaits the response and when the bids are received, he/she advances with the selection procedure. Finally, the project owner awards the contract to the deserved candidate or business group. OJEC is an indispensable component in Europe as this journal notifies the applicants about the trending projects which need to be tendered. This publication compiles all the tender details relevant for people looking for procuring ventures.
Official Journal of the Official European Community is better known as OJEC, an open source maintained by EU legislation. After alterations, this resource is registered as OJEU (Official Journal of the Official European Union). It is in turn valued by the procurers who adhere to all the policies of tendering declared by European Union. Without moving astray from our main topic of procurement, it is worth adding that in small business contracts, EU regulations prevents client from negotiating with contenders after receiving tender bids. This policy has been created to ensure that no unfair means is being utilized during the procurement process. In fact, this directive helps a candidate to stick to a price which has been quoted in his/her bid primarily. It can be concluded that in Europe procurement laws for public contracts are strictly adhered to by potential buyers. Tenders Electronic Daily or TED can be referred to when it comes to check latest tendering projects.
The author is an experienced writer, he is writing this time for global.tendernews.com, it is a leading online tender service website. At present, he is writing on different topics like: EU procurement, contract and procurement and more information visit at :- http://global.tendernews.com