Home > Terms > English, UK (UE) > Prequalification of bidders

Prequalification of bidders

Screening of potential contractors, suppliers, or vendors (on the basis of factors such as experience, financial ability, managerial ability, reputation, work history, etc.) to develop a list of qualified bidders who will receive the invitation-to-bid (ITB) documents.

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  • Part of Speech: noun
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  • Blossary:
  • Industry/Domain: Law
  • Category: Contracts
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