In the tender process, what follows after selecting the best value bid?

After selecting the best value bid in the tender process, the next step is to offer the contract to the successful bidder. This is a critical phase where the organization formally communicates its decision to the chosen supplier, establishing the legal agreement that will allow work to commence. This action marks the transition from the bidding phase to the contractual phase, ensuring that both parties have a clear understanding of the obligations, expectations, and terms that will govern their relationship.

Offering the contract is essential for moving forward with procurement and project implementation. It initiates the formal partnership, allowing for detailed discussions about project specifics, timelines, and deliverables. Successful completion of this step can also set the tone for collaboration and long-term relationships with suppliers, which is vital for effective stakeholder engagement and fulfillment of project goals.