Phase of the Bidding Process - CFE Exam Question

Not the Phase of the Bidding Process

Question

Which of the following is NOT the phase of the bidding process?

Answers

Explanations

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A. B. C. D.

B

The bidding process refers to the process of inviting bids from vendors and suppliers for goods or services to be procured by an organization. The process typically involves several phases, each with specific objectives. Let's look at each of the options to determine which one is not a phase of the bidding process:

A. Presolicitation: This phase typically involves the organization identifying its procurement needs and preparing a solicitation document that describes the requirements and evaluation criteria for potential bidders. The purpose of this phase is to inform potential bidders of the upcoming procurement opportunity and to provide them with sufficient information to prepare their bids.

B. Postsolicitation: This phase typically involves the organization receiving and evaluating bids from potential vendors and suppliers. The purpose of this phase is to select the winning bid that offers the best value for the organization.

C. Solicitation: This phase typically involves the organization advertising the procurement opportunity to potential bidders and inviting them to submit their bids. The purpose of this phase is to encourage competition among bidders and to ensure that the organization receives the best value for its procurement needs.

D. Submission: This option is not a phase of the bidding process. Instead, it refers to the act of submitting a bid in response to a solicitation document.

Therefore, the answer to the question is D. Submission is not a phase of the bidding process.