Compare and contrast the implications on the bid preparation of concepts of 'best value' and 'partnering'

Introduction As we know, contract bidding is an expensive process for both clients and contractors, especially when many bidders are involved. To the clients, the costs beget in screening and analyzing the bids tendered, whereas to the contractors, the costs beget in bid preparation and submission. Bidders have to recover the costs associated with every unsuccessful bid through the increase of subsequent bid prices, for contracts are awarded to only one contractor normally. Every organization …

…win-win situation when both approaches can be taken into account. *What the biding organizations should concern is to find a balance between these two management approaches, that is, the organizations should give attention to both best value and partnering in the bid preparation process. *As I see it, it is still a early time for both best value and partnering, and I can see a nice prospect of the two approaches in the business projects.