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      Question

      In PSUs, the 'Two-Bid System' commonly used in purchase

      procedures refers to:
      A Two separate bids for price and quality Correct Answer Incorrect Answer
      B A technical bid and a financial bid opened sequentially Correct Answer Incorrect Answer
      C Bids from two different vendors only Correct Answer Incorrect Answer
      D An initial and a revised bid Correct Answer Incorrect Answer
      E Bids for indigenous and imported materials Correct Answer Incorrect Answer

      Solution

      The Two-Bid System is a transparent tendering process used to ensure fairness and technical compliance. Bidders submit two sealed envelopes simultaneously: one containing the technical bid (details on their capability, compliance with specifications, and methodology) and the other containing the financial bid (the commercial offer). The technical bids are opened first and evaluated. Only the financial bids of those bidders who are found to be technically qualified are opened later. This prevents the technical evaluation from being biased by the price.

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