Nokia and Microsoft Alliance and Its Swot Analysis

In: Business and Management

Submitted By Perculia
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118. Negotiations under competitive methods

(1)Post-bid negotiations may be undertaken where- (a) the highest bid falls short of the reserve price, valuation or anticipated sale price of the assets; or (b) there is a need to negotiate the conditions of sale. (2) Following approval of the evaluation report, the procedure for negotiation shall be as follows- (a) the evaluation team shall detail the nature of the proposed negotiations, listing the points that (b) the Board or its competent committee shall approve the negotiation plan prior to any negotiations taking place;
(c) negotiations shall be held with the best evaluated bidder, with at least three members of staff of the procuring and disposing entity present, except that the members of staff of the procuring and disposing entity, at the negotiations, shall not commit the procuring and disposing entity, to any arrangement, but shall seek the approval of the Board or any of its committees prior to confirming any agreement reached;
(d) the negotiations team shall report, in writing, to the Board or any of its committees on the achievements of the negotiations in relation to the objectives of the negotiation document and shall submit minutes of the meeting. The report shall state whether the negotiation objectives have been substantially achieved and shall contain a recommendation to- (i) proceed with the contract award to the recommended bidder, incorporating the agreements reached during negotiations, (ii) revise the negotiation objectives and hold further negotiations, or (iii) terminate the negotiations, reject the bidder and invite the next ranked bidder for…...

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