What is a Bid?
A bid (German: Angebot) is the binding declaration of a bidder to provide the tendered service under the stated conditions and prices.
Components
- Cover letter: Formal accompanying letter
- Completed BoQ: With all prices
- Qualification documents: References, certificates, etc.
- Concept/Solution description: For complex procurements
Formal Requirements
- On time: Before submission deadline
- Complete: All required documents
- Signed: By authorized signatory
- Format: Electronically via platform or by mail
Binding Effect
By submitting a bid, the bidder is bound to their offer. The binding period is stated in the notice (usually 60-90 days).