Estimating the cost of the procurement is a requirement in the process of bidding for projects following the law. The evaluation of the bid estimate is to determine the accuracy in the value of the categories listed in the estimate as well as the total value of that estimate.
How is the valuation different from the estimate?
Estimated valuation is the fact that agencies and organizations with the function of valuation determine the monetary value of assets according to the bidding list following the price law.
Estimation verification is to check and determine whether the estimate set by the consultant is following the current regulations and the price and policy regime of the State at the time of verification.
Besides, in terms of professional expertise, valuation focuses on the converted value of assets and services for certain purposes. And verification is to focus on the correctness of the cataloging, which is following the current regulations.
Contents of evaluation of bid package estimate price
+ Check the price, quantity, type of equipment the top of the list in the estimate is suitable to the market price at the time of valuation.
+ Check the legality and correctness of the estimate under the bidding decision of the bidding agency.
+ Determine the estimated value of the bidding package after appraisal for consideration and approval by competent authorities. Assess the increase and decrease of cost items, analyze the cause of increase and decrease compared to the estimated value of that bid package.
Cost of appraisal of bid package estimate
Valuation rental fee, also known as the appraisal fee, is the amount that the unit that wants to appraise the price pays the companies/organizations (with the valuation function) to conduct the price appraisal. There are two ways to calculate the appraisal fee:
+ First is calculated as a percentage (%) of the total estimated value of the bidding package plus additional costs such as travel expenses...
+ Second, according to the package price agreed between the two parties
Bid estimate dossier
+ Official documents and requests for estimated valuation
+ Estimated and list of equipment to be appraised
+ Bid soliciting, soliciting bids (if any)
Collected from source
