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Typically, bid and tender management processes tend to be time-consuming and complicated. The problems become more acute as projects become larger and more complex. Developing tenders and getting bids organised is a huge investment in time and resources and can easily devour into deadlines and budgets if not managed well from the start.
UMTC has the expertise to assist in bid process management from the start to finish. From, formulating bid process documents/ agreements such as Request for Proposals (RFP), Request for Qualification (RFQ) and Concession Agreements to managing the entire project cycle, UMTC follows rigorous processes and guidelines to facilitate the process. Given the critical performance and regulatory issues involved, each document is duly vetted by a legal expert and a risk manager.
Once bids have been received, UMTC can also assist in negotiating with the short listed bidders and select a sound strategic developer/operators/concessionaire for the client. Thereafter, a watertight contract is finalized to transfer the project to the designated SPV/organization, where required. For all these services, UMTC charges a fee for project and process management.
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