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If a company hopes to contract out certain projects, it should issue an IFB to provide written specifications in no details.

The element of general information and requirements will inform bidders the time and date of bid submission, minimum time for bid acceptance, ways of addendum delivery, etc.

From the element of procurement description and scope of services, bidders will know specific description of the supplies or services required, contract duration and renewal options, etc.

The bidders are usually required to provide company performance, financial capacity and business license as references, but phone number and contact address are not necessary.

From the element of rules for contact award, the bidders will know how to calculate the low / high bid on the contract.

Bid pricing sheet can facilitate the bid uniformity and bid price comparison.

In case of corruption and illegality in the process of bid, non - collusion form and tax compliance form must be submitted with the bid.

Invitation for bids and submission to bids, refer to two aspects of the trading process, are acts of commodity transaction.

Write down the 7 elements of an IFB, and then define the IFB.

Reference is an ( ) factor in an IFB and it plays a vital role in any bid ( ).It is necessary for the purchaser to know whether the bidder is capable, honest or ( ) to fulfill the contract. Certainly, the bidder's information about his/her past performance will give the purchaser help to make the final decision. Nevertheless, it is difficult for the purchaser to get an accurate picture of a bidder's past performance through the references. Because the references submitted by bidders may cross out previous contracts with ( ) records.
In order to avoid such a problem, the purchaser can ( ) bidder hand in a complete list of contracts he/she has performed, which are similar in size and scope to the purchaser's contract. Information such as phone number, address, contact names and the like can be included. The purchaser can limit this list to contracts performed in the past year or in whatever time period which makes sense for his/her contract. By requiring a complete list instead of self-selected good references provided by the bidder, the purchaser will know his/her past performance in a ( ) way. The purchaser can either contact all names on the list or choose one or two if the list is too loog. The purchaser must make sure that all bidders are treated equally and check the same number of references provided by thebidders. A ( ) should be also included in apurchaser's IFB to ( ) that poor references may be a key to a decision that a bidder is not responsible.When checking the references, the purchaser should ask the same objective questions about all bidders, such as "Have the bidder performed the contract ( )?","Did the bidder perform in time?","Was the bidder ( ) by the contract person?" This check will give the purchaser useful information and it is of the most importance to him/her. For instance, if one of the purchaser's primary concerns durability of theequipment after the three contract years, he/she can ask for references from all bidders whose possession of the same equipment has lasted more than three years, and then, ask questions of these references about any service problem after the initial three years of the contract.

Who is Mr. Chen according to this conversation?

Why is Mr. Zhang so eager to know something about IFB?

How long should the bid price be remained after the bid opening?

When will Mr. Chen be available if Mr. Zhang has other questions?

Is a pre-bid conference necessary to be held in an IFB?

Is the bid deposit a must in an IFB?

Is there anything particular in pricing and pricing formats?

What's the example of highly itemized task description cited by Zhao Kang?

How long has Zhang Tian been in this company according to this conversation?

What is the IFB for?

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