Question

Why did bid system fail? * 1 point A. The bidders were keeping some amount with themselves. B. An amount was more than the production of land. C. The farmers revolted against the bidders. D. All of the above.​

Answer 1

Answer:

“Bid” (including the term ‘tender’, ‘offer’, ‘quotation’ or ‘proposal’ in certain contexts)

means an offer to supply goods, services or execution of works made in accordance with

the terms and conditions set out in a document inviting such offers;

ii) “Bidder” (including the term ‘tenderer’, ‘consultant’ or ‘service provider’ in certain

contexts) means any eligible person or firm or company, including a consortium (that is

an association of several persons, or firms or companies), participating in a procurement

process with a procuring entity;

iii) “(Standard) Bid(ding) documents” (including the term ‘tender (enquiry) documents’ or

‘Request for Proposal Documents’ – RFP documents in certain contexts) means a document

issued by the procuring entity, including any amendment thereto, that sets out the terms

and conditions of the given procurement and includes the invitation to bid. A Standard

(Model) Bidding Document is the standardised template to be used for preparing Bidding

Documents after making suitable changes for specific procurement;

iv) “Bidder enlistment document” means a document issued by a procuring entity, including

any amendment thereto, that sets out the terms and conditions of enlistment proceedings

and includes the invitation to enlist;

v) “Bid security” (including the term ‘Earnest Money Deposit’(EMD), in certain contexts)

means a security from a bidder securing obligations resulting from a prospective contract

award with the intention to avoid: the withdrawal or modification of an offer within

the validity of the bid, after the deadline for submission of such documents; failure to

sign the contract or failure to provide the required security for the performance of the

contract after an offer has been accepted; or failure to comply with any other condition

precedent to signing the contract specified in the solicitation documents.;

vi) “Central Public sector enterprise” means a body incorporated under the Companies Act

or established under any other Act and in which the Central Government or a Central

enterprise owns more than 50 (fifty) per cent of the issued share capital;

vii) “Central Purchase Organisation” means a procuring entity which is authorised by the

Government of India by an order, made in this behalf, to make procurement for one

or more procuring entities or to enter into rate contracts or framework agree

Explanation:

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