VAE 511: Livestock Entrepreneurship (1+0)

PROCUREMENT PROCESS

• Procurement may also involve a bidding process i.e, Tendering.
• A company may want to purchase a given product such as Chaff cutter or service such as Vaccination of birds.
• Then the farmer or Company is required to state the product/service desired and make the contract open to the bidding process.
• They may have ten submitters that state the cost of the product/service they are willing to provide.
• Then, the farmer or Company will usually select the lowest bidder.
• If the lowest bidder is deemed incompetent to provide the desired product/service, they will go far the next best price, and is competent to provide the product/service.