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Answer :
The procurement method that requires a competitive bidding process and selects a contractor based on price-related factors is open tendering. This method focuses on cost-effectiveness, ensuring transparency and fairness in the bid evaluation process. It differs from other methods that may consider additional factors such as quality and expertise. Thus, the correct option is 1.
The procurement method that typically requires a competitive bidding process and selects a contractor based solely on price-related factors is open tendering. This method involves inviting bids from various suppliers and evaluating the tenders based on predetermined criteria, mainly focusing on the cost. The contractor who presents the most cost-effective plan according to the tender documents generally wins the bid. In contrast, other procurement methods like selective tendering, negotiated tendering, and two-stage tendering may consider a range of factors beyond just the price, including quality, expertise, and project-specific criteria.
In open tendering, municipalities and other organizations must avoid favoritism and corruption by allowing as many contractors as possible to apply for the contract. The essence of the competitive bidding process is transparency, which ensures that the project is awarded to the most cost-efficient and suitable bid, without exclusive or biased selection. It's essential in procurement processes to weigh different factors correctly and to ask the right questions so that an institution does not end up with a product that's inexpensive but of poor functional quality.
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