SRM two Envelope Bidding

[Former Member]

Does anyone knows whether we can open both Technical and Pricing envelope in one Open Date and Time instead of approving Technical Document first and then open Pricing envelope.

In a nutshell, we are using SRM 7.0 with PPS add on and like to use two envelope bidding, but does not want to approve technical first to see the price. We want to open both at same time and date. Please help.

Thanks

Anita

[Former Member · Accepted solution]

Hi Anita

SRM PPS module's one of majaor advantage is Two Envelope Tenders where we can oen the technical bid first, analyse & only for technically accepted bids the Price/commercial bid will be opened.

If you don't want to use this functionality than you have the option to create a SIngle BID where the vendor will quote both technical & commercial details.

Both above described cases are SRM standard functionalities available in SRM 7.0 only.

Choice is your's. I hope I was able to address your querry.

Sandip