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Post-qualification Vs Due Diligence

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Re: Post-qualification Vs Due Diligence

Post  RJM on Fri May 06, 2011 11:21 pm


RSM + Mwalongo,

Post-qualification - Due Diligence this is the final stage in the evaluation process which give us RESPONSIBLE BIDDER. No doubt that Procuring Entities lack knowledge on how this stage should be handled especially in distinguishing 'Verifying/assessing of information submitted by the bidders and physical verification [visiting the lowest evaluate bidder]. There is a "rugby" here as who is responsible especially in physical verification.

To me, it is embarrassing for the contract in implementation stage - then, it is revealed that the company the government has entered into contract do not have capacity [not registered/incorporated - worse does not exist]. I think Richmond vs TANESCO is a good lesson.

Despite the fact that RSM has given areas of focus in post-qualification which derived from R94/97/2005, my opinion it is that we are missing methodology of conducting Due Diligence. I think it is high time now we develop METHODOLOGY for this - to alleviate problems/challenges i.e. fake bid securities, performance bonds/securities, mispresentation, fake CVs etc.



RJM

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Re: Post-qualification Vs Due Diligence

Post  fmwalongo on Fri Oct 15, 2010 12:03 pm

It is true that post qualification is a semantic term for due dilligence in the procurment industry. So how thorough is the post qualification will depend on the competence and commitenet of the team assigned to perform the work.

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Re: Post-qualification Vs Due Diligence

Post  RSM on Mon Jun 07, 2010 12:23 pm

Dear forum members,

This submission was made way back on 6th October 2009. No response has been posted I bring it to the top again but with a question?

Could the problems of non performance of selected bidders be attributed to the lack of adequate post-qualification?

RSM

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Post-qualification Vs Due Diligence

Post  RSM on Tue Oct 06, 2009 10:33 pm

There has been a bit of confusion amongst non- procurement professionals that the Public Procurement Act does not provide for conduct of a due diligence process to a lowest evaluated bid before the award of contract.

The term used for due diligence in the procurement process is POST-QUALIFICATION.

Post-qualification is the process of verifying, validating and ascertaining all the statements made and documents submitted by the bidder with the LOWEST EVALUATED BID, which includes ascertaining the said bidder’s compliance with the legal, financial and technical requirements of the bid.

Post-qualification involves the Procuring Entity verifying, validating and ascertaining that the bidder satisfies the following criteria:

1. Legal Requirements - this involves the verification, validation and ascertaining of the ownership of the company, whether the company is properly registered and meets its tax obligations etc.

2. Technical Requirements -this involves validation, verification, and ascertaining the correctness of the documents submitted by a bidder to prove compliance of the goods and services offered with the requirements of the contract and bidding documents. This involves the following processes: (a) Verification and validation of the bidder’s stated competence and experience; (b) Verification and/or inspection and testing of the goods/products, after-sales and/or maintenance capabilities, in applicable cases; or inspection of the plant/factory of a manufacturer, to determine production capacity; and (c) Ascertainment of the authenticity and sufficiency of the Bid Security as to type, amount, form and wording, and validity period.

3. Financial Requirements - this involves verification, validation and ascertaining the bid price proposal of the bidder, its financial contracting capacity, the required bank commitment to provide a credit line to the bidder. This is to ensure that the bidder can sustain the operating cash flow of the transaction.

IS THE CONFUSION CLEARED?

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