How was the winning bid determined?

When issuing the bid-winning notice, the tenderer must specify the bid price. Whether the tender offer (hereinafter referred to as the tender offer price) filled in the tender letter of public bidding at the time of bid opening or the tender offer (hereinafter referred to as the revised price of tender letter) is determined as the winning bid price by the bid evaluation committee according to the principle of error correction of tender offer stipulated in the tender documents, which has not been clear in the bidding practice, and is also a puzzling problem when the tenderer determines the winning bid price.

Principles and measures to be followed in determining the winning bid

I. Principles to be followed

Principle of fairness: the price of the tender letter shall be compiled and submitted by the bidder. If the Bid Evaluation Committee finds any mistakes in the evaluation, it will be revised and confirmed by the bidder to form the revised bid letter price. The revised price of the tender letter is the real price, which corresponds to the project, goods or services provided by the bidder.

Principle that the fault party bears the responsibility: In order to make the bidder prepare the bid documents more carefully, avoid the bidder from deliberately falsely reporting the bid price by taking advantage of the negligence of the tenderer or the bid evaluation committee, and realize the maximization of its own interests, the tenderer may make provisions in the tender documents that are not conducive to the successful bidder with wrong bid quotation to determine the winning bid. Of course, adopting this principle to determine the winning bid will punish the winning bidder who made mistakes in bidding quotation.

II. Measures to be taken

If the bid is determined according to the principle of fairness, the bid-winning price may be agreed in the tender documents as the revised price of the tender letter. Of course, the revised bid price may be lower or higher than the bid price.

If the winning bid is determined according to the principle that the party at fault bears the responsibility, it may be agreed in the tender documents that the winning bid price is the lowest of the bid letter price and the revised bid letter price.