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

Following the selection of the best value bid in the tender process, the next logical step is to offer the contract. This step involves formally inviting the chosen supplier to finalize the contract and begin the agreement execution process. This action is crucial as it solidifies the commitment between the buyer and the supplier, ensuring that both parties understand the terms and conditions associated with the procurement.

Offering the contract typically follows a thorough assessment of the bids, which considers not only price but also quality, compliance, and overall value. This ensures that the selected supplier is best equipped to meet the buyer’s needs. Upon acceptance of the offer, the contractual relationship can begin, leading to the delivery of goods or services.

The other options relate to different stages or principles of procurement and are not the immediate next steps after bid selection. For example, issuing a public statement is generally done either at the outset of the tender process or after the contract is awarded to inform stakeholders. Receiving bids from unqualified suppliers does not pertain to the process after choosing the best bid; it would be an action considered during the initial stages of tendering. Evaluating contractor performance is a crucial aspect that comes after the contract has been awarded and the supplier has begun fulfilling the contract obligations.