Bid preparation services for reputable investor selection

Article overview

Preparing bid documents for investor selection is an important step in the project development process, ensuring transparency and efficiency in attracting investment resources. With support from a reputable service, the bidding document preparation process becomes strict and accurate, helping investors easily access detailed information, thereby making appropriate decisions. At the same time, ensuring legal and technical standards helps increase the chance of success in choosing quality investors.

Prepare bidding documents to select reputable investors
Prepare bidding documents to select reputable investors

Process of selecting investors in bidding

The process of selecting investors in bidding is detailed in Clause 1, Article 46 of the Law on Bidding 2023, including steps from project announcement to contract signing. Each step plays an important role in ensuring fairness and transparency for all investors.

Step 1: Announce the business investment project

  • The project announcement step is the initial step to introduce the project to potential investors. The published content includes details about the project’s objectives, scale, location and basic requirements.
  • Through publication, competent authorities create conditions for investors to access information and evaluate the feasibility and suitability of the project.

Step 2: Prepare for bidding to select investors

  • Including preparation, appraisal and approval of bidding documents. In this step, the bidding documents are designed to provide specific information and detailed requirements about the investor’s capacity.
  • The basis for preparing bidding documents is based on Article 47 of Decree 25/2020/ND-CP, ensuring that there are no conditions that limit competition or cause disadvantages for specific investors.

Step 3: Organize bidding to select investors

  • This step includes activities of inviting bids, releasing documents, and handling requests for amendments and clarifications of bidding documents. Investors prepare and submit bids within the prescribed time period.
  • The management, amendment and withdrawal of bids are carried out according to legal standards to ensure the rights of participating parties.

Step 4: Evaluate bid documents

  • Bids are checked for validity and details. Evaluation is based on capacity, experience, financial capacity and technical standards.
  • Evaluation results ensure transparency and fairness, eliminating documents that do not meet the standards stated in the bidding documents.

Step 5: Submit, appraise and approve investor selection results

  • The results of investor selection are publicly approved, including reasons for not winning the bid (if any). This process helps resolve investor concerns and ensures transparency.
  • Publicizing the results is also a basis for unsuccessful investors to learn and improve in the next bidding times.

Step 6: Negotiate, complete and sign the contract

  • The final step is the process of negotiating contract terms with the winning investor. The contract is established based on commitments in the bidding documents and bidding documents.
  • Once completed, the contract is signed to begin the project implementation phase.

This process ensures the selection of the most qualified and suitable investor for the project, while also meeting legal and transparent requirements during the bidding process.

Process of selecting investors in bidding
Process of selecting investors in bidding

Prepare bidding documents to select investors

Preparing bidding documents is an important step to ensure transparency and fair competition in the bidding process. The preparation of this document must comply with current legal regulations, including technical, financial, and legal factors. The basis for preparing documents and the content of bidding documents will be detailed below.

Basis for preparing bidding documents

Pursuant to Article 47 of Decree 25/2020/ND-CP (amended by Clause 9, Article 89 of Decree 35/2021/ND-CP), the process of preparing bidding documents is based on documents and legal decisions following reason:

  • Decision on investment policy approval: For projects that require investment policy approval according to the provisions of investment law.
  • Decision approving the list of investment projects using land: Applicable to projects that are not subject to investment policy approval but do use land.
  • Approved investor selection plan: This is an important document to determine the steps to implement bidding.
  • Current legal regulations on land, construction, investment, housing and related regulations: Documents must strictly comply with current legal regulations to ensure legality in the bidding process.

Content of bidding documents

Bidding documents must ensure complete content so that investors can prepare detailed and transparent bid documents. The basic contents specified in Clause 2, Article 47 of Decree 25/2020/ND-CP include:

  • General information about the project: Project name, objectives, location, scale, expected implementation progress, and current status of the land.
  • Instructions for investors: Includes bidding procedures and bidding data sheet. This is a detailed guidance document for investors in the process of preparing bid documents.
  • Project implementation requirements: Requirements on architecture, environment, safety and other regulations related to the project.
  • Criteria for evaluating bids: Includes evaluation criteria for technical capacity, experience, finance and commerce. Records need detailed evaluation methods to ensure transparency.
  • Bidding forms: Include bid form, bid security, technical and financial proposal, financial commitment (if any), and other related forms.
  • Requirements for land use rights: Information related to land allocation or land lease term, land use purpose, land use fees and other related details.
  • Preliminary total cost of project implementation: This cost does not include compensation, support, and resettlement costs, but must ensure feasibility and economic efficiency.
  • Compensation and resettlement plan: The dossier must include a detailed compensation plan for land, houses, assets, and costs related to site clearance.
  • Floor price paid to the state budget: Determined according to the land valuation method and appropriate input parameters, to ensure transparency in land bidding.
Bidding documents for investor selection
Bidding documents for investor selection

Service of preparing bidding documents for investor selection in Long Phan

Long Phan provides professional support services in preparing bidding documents for investor selection, helping customers ensure compliance with legal regulations and improve the likelihood of success in the bidding process. We provide comprehensive investor selection bidding document preparation services, including:

  • Consulting on regulations on preparing bidding documents and selecting contractors.
  • Consulting on steps in the bidding process and related legal regulations.
  • Assist in preparing and drafting necessary documents.
  • Support analysis and evaluation of the feasibility and potential of the project to prepare quality bidding documents.
  • Consulting on steps in the bidding process and related legal regulations.
  • Represent businesses in the bidding process and carry out necessary procedures.
  • Assist in negotiating contract terms with the winning bidder.

With a team of experienced consultants, Long Phan provides services of preparing bidding documents and selecting investors quickly and effectively. This service not only helps businesses prepare documents professionally but also ensures full compliance with legal regulations. For advice and to use the service of preparing bidding documents to select investors, please contact Long Phan via the hotline 0906735386.