The Bidding and Tendering process selects the most suitable service provider or supplier by comparing proposals against specific criteria. This system encourages fairness and transparency of opportunities and the effectiveness of funds allocation.

The proposed Bidding and Tendering approach aims to separate the process of deciding what needs to be done, from the decision of who should make it happen

Bidding & Tendering Process Flow

1. Pitch Proposal

• Submitting a pitch proposal is a straightforward process that any community member can undertake to test community sentiment.
• The proposal should include a product’s name, intended customer, the problem the product solves, benefits to the customer, a call to action telling the customer how to take advantage of the product right away, a FAQ answering the business or tactical questions about building the product.
• Duration 10 days and 2M VP threshold.
• The minimum required VP to submit a pitch proposal: 100 VP.

2. Tender Proposal

• Passed Pitch Proposals can be promoted to Tender Proposals by any community member.
• The proposal should include a summary, specification, deliverables, deadlines, required skills, stakeholders, and any bidding submission details.
• Duration 14 days and 4M VP threshold.
• The minimum required VP to submit a tender proposal: 2,500 VP.

3. Bid Proposal

• A passed Tender Proposal opens the bidding process for third parties.
• The bid should include budget, project duration, starting date, deliverables, roadmap, personnel, beneficiary address, and email address.
• The governance app will keep confidential bid details until the submission period is over.
• The bidding period should last at least 2 weeks.

4. Selection Proposal

• All bids received will be revealed at the same time and put up for a community vote for 2 weeks. Each bid will need to collect at least the VP threshold of the requested budget to be considered passed.