The Inter-American Development Bank (IDB) and the National Procurement and Tender Administration Board (NPTAB) have concluded a three-part series of workshops aimed at improving the evaluation of tenders.
According to an IDB press release yesterday, the third and final workshop which was held under the theme “Evaluating Financial Information in Bids”, focused on the evaluation of the financial information requested from the bidders. The aim was to provide the tools for a better selection of financially sound contractors, suppliers and firms. Using a learning-by-doing methodology, the workshop concentrated essentially on the interpretation of financial information, risks in financial evaluation, avoiding pitfalls through financial evaluation and best practices.
