Contract Award Procedure

Contract award procedure is the formal process organizations follow to select a supplier or service provider for a project or purchase. It involves advertising the opportunity, inviting bids or proposals, evaluating submissions based on criteria like price, quality, and compliance, and then choosing the most suitable bidder. The procedure ensures transparency, fairness, and accountability, confirming that the contract is awarded to the best candidate according to established rules and standards. This process helps prevent favoritism and ensures that public or private resources are used efficiently and ethically.