Submit Financial Bids for Global Tenders on IREPS Portal
After submitting the Techno-commercial Bidding part you can proceed further for the financial bidding process. Click on Financial Offer tab to see the details about the items and evaluation criteria. It is important for you to submit your financial bid according to the evaluation criteria because consideration of the offers depends on the evaluation criteria. There are three types of evaluation criterion:
Item Wise Evaluation Criteria:
In the case of item wise evaluation criteria, the ranking will be generated based on all the consignees for a particular item. You have to submit their rates for all the consignees for the full quantity of a particular item. In case, you quotes quantity less than the tendered quantity for one or more consignees or do not quote any quantity for one or more consignees then your offer for that item will not be considered for ranking but appear in Miscellaneous Bids section of the financial tabulation.
Click on the link ‘Indigenous Offer’ to submit the financial offer in INR and click on link ‘Foreign Currency Offer’ to submit the financial bid in other currencies. After successful submission of a financial bid, you will get the Bid Id and it is advised that keep this bid id for future reference.
Click on below links for Submission of Indigenous Offer and Foreign Currency Offer:
Group Wise Evaluation Criteria:
In the case of group wise evaluation criteria, the ranking will be generated based on the All Inclusive Total Value of all the items in a particular group. You have to submit your rates for all the consignees for full quantity for all the items in a particular Group. In case, you quote quantity less than the tendered quantity for one or more consignees or items or do not quote any quantity for one or more consignees or items then your offer for that particular Group will not be considered in ranking but appear in Miscellaneous Bids section of the financial tabulation.
To submit the financial offer for a group click on the ‘Submit Offer’ link available against that group which opens a new page showing all the items in that group.
Click on the link ‘Indigenous Offer’ to submit the financial offer in INR and click on link ‘Foreign Currency Offer’ to submit the financial bid in other currencies. After successful submission of financial bids vendor user gets the Bid Id along with Offer Id, Offer ID remains the same for all the items of that group.
Total Value Wise Evaluation Criteria:
In the case of total value wise evaluation criteria, the ranking will be generated based on Total All-Inclusive Value of rates submitted by you for all the items for all the consignees against the full Tendered Quantity in that tender. In case, you quote quantity less than the tendered quantity for one or more consignees or items or do not quote any quantity for one or more consignees or items then your entire offer will not be considered in ranking but appear in Miscellaneous Bids section of the financial tabulation.
To submit the financial offer for a tender having evaluation criteria Total Value Wise click on the link ‘Submit Offer’ link available on the page shown above which opens a new page showing all the items of the tender. After successful submission of financial bids vendor user gets the Bid Id along with Offer Id, Offer ID remains the same for all the items of that tender.
Click on below links for Submission of Indigenous Offer and Foreign Currency Offer:
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