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Bahrain Oil and Gas Services Tenders and Bids

Get access to latest Bahrain Oil and Gas Services and bids. Find business opportunities and government contracts for Bahrain oil gas tenders, global oil tenders, global gas tenders, Bahrain drilling tenders, Bahrain fuel tenders, lubricant tenders, natural gas tenders, Bahrain petrol tenders, Bahrain diesel tenders, Bahrain lpg tenders, oilfield tenders, refinery tenders, onshore tenders, offshore tenders. Find Bahrain Oil and Gas Services, bids, procurement, RFPs, RFQs, ICBs. The economy of Bahrain is heavily dependent upon oil and gas. The Bahraini Dinar is the second-highest-valued currency unit in the world. Since the late 20th century, Bahrain has heavily invested in the banking and tourism sectors. The country's capital, Manama is home to many large financial structures. Bahrain's finance industry is very successful. In 2008, Bahrain was named the world's fastest growing financial center by the City of London's Global Financial Centres Index. Bahrain's banking and financial services sector, particularly Islamic banking, have benefited from the regional boom driven by demand for oil. Petroleum is Bahrain's most exported product, accounting for 60% of export receipts, 70% of government revenues, and 11% of GDP. Aluminium is the second most exported product, followed by finance and construction materials. According to the 2020 Index of Economic Freedom, Bahrain has the fourth freest economy in the Middle East and North Africa region and is the 63rd freest economy in the world. An alternative index, published by the Fraser Institute, puts Bahrain in 70th place. Bahrain was recognised by the World Bank as a high income economy. Petroleum, also known as crude oil and oil, is a naturally occurring, yellowish-black liquid found in geological formations. It is commonly refined into various fuels and chemicals. Components of petroleum are separated by means of distillation. Petroleum mainly consists of hydrocarbons as well as traces of other organic compounds. The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that are made up of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Fuel oil (also known as heavy oil, marine fuel, bunker, furnace oil, or gasoil) is a fraction obtained from the distillation of petroleum (crude oil). It includes distillates (the lighter fractions) and residues (the heavier fractions). Oil has many uses; it heats homes and businesses and fuels trucks, ships, and some cars. A small amount of electricity is produced by diesel, but it is more polluting and more expensive than natural gas. It is often used as a backup fuel for peaking power plants in case the supply of natural gas is interrupted or as the main fuel for small electrical generators.

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Invitation to tender

An invitation to tender (ITT, otherwise known as a call for bids or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been previously assessed for suitability by means of a supplier questionnaire (SQ) or pre-qualification questionnaire (PQQ).

The term "notice inviting tenders" (NIT) is often used in purchasing in India.

An ITT differs from a request for quotation (RFQ) or a request for proposal (RFP), in which case other reasons (technology used, quality) might cause or allow choice of the second best offer. An RFP is a request for a price from a buyer but the buyer would also expect suggestions and ideas on how the project work should be done. RFPs are thus focused on more than just pricing/cost, they entail a bit of consulting from the contractor or vendor. The closest equivalent to an ITT in the mainstream private sector is an RFP which, since public money is not involved, typically has a less rigid structure.

Typology

Open tenders, open calls for tenders, or advertised tenders are open to all vendors or contractors who can guarantee performance.
Restricted tenders, restricted calls for tenders, or invited tenders are only open to selected pre-qualified vendors or contractors. The tender stage may form part of a two-stage process, the first stage of which (as in the expression-of-interest (EOI) tender call) was itself advertised, resulting in a shortlist of selected suitable vendors.
Sole source tenders, where only one potential supplier is invited to submit a tender.

The reasons for using restricted tenders differ in scope and purpose. Restricted tenders can come about because of:
- confidentiality issues (such as in military contracts)
- the need for expeditiousness (as in emergency situations)
- a need to exclude tenderers who do not have the financial or technical capabilities to fulfill the requirements.

A sole source tender may be used where there is essentially only one suitable supplier of the services or product.

Other types of proposal and terms in use include:
EOI - expression of interest
IFB - invitation for bids
ITN - Invitation to negotiate
ITV - invitation to vendors
RFA - request for applications
RFD - request for documentation
RFI - request for information
RFO - request for offers
RFP - request for proposal
RFQ - request for quotation or request for qualifications
RFS - request for services

The online tender process typically involves the following steps:

Publication of tender notice: The procurement agency publishes the tender notice on their website and other online platforms.
Bid submission: Suppliers access the tender documents online, prepare their bids, and submit them electronically before the deadline.
Bid evaluation: The procurement agency evaluates the bids electronically based on the evaluation criteria specified in the tender documents.
Contract award: The contract is awarded to the successful bidder, and the procurement agency notifies all bidders of the outcome.

Note that the tender process may vary depending on the procurement agency and the type of tender. Therefore, it is essential to carefully review the tender documents and follow the instructions provided.

Some portion of this article uses material from the Wikipedia article "Invitation to tender", which is released under the Creative Commons Attribution-Share-Alike License 3.0. Tags: Bahrain Oil and Gas Services Tenders, Bahrain Oil and Gas Services Bids, Bahrain Oil and Gas Services Global Tenders, Bahrain Oil and Gas Services International Tenders, RFPs, RFQs, EOI, ICBs, Contract awards.
Summary:
Provision Of Laboratory Testing Services
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
14 Apr 2024
Posting Date:
28 Mar 2024
 
 
 
Summary:
Provision Of Decontamination Services For Refinery Operating Units
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
12 May 2024
Posting Date:
27 Mar 2024
 
 
 
Summary:
Provision Of Repair & Maintenance Of Heat Exchangers
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
28 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Provision Of Condition Based Monitoring Support Services
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
17 Apr 2024
Posting Date:
12 Mar 2024
 
 
 
Summary:
Provision Of Acoustic Emission Testing Services For Aboveground Storage Tank
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
17 Apr 2024
Posting Date:
06 Mar 2024
 
 
 
Summary:
Fluid Catalytic Cracking (Fcc) Equilibrium Catalyst (E-Cat) Disposal
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
07 Apr 2024
Posting Date:
06 Mar 2024
 
 
 
Summary:
Provision Of Asbestos Surveyors And Asbestos Removal Analyst And Supervisors
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
31 Mar 2024
Posting Date:
22 Feb 2024
 
 
 
Summary:
Auc/Moic/2023/01Leasing Land For Development And Operation Of Fuel Station And Supporting Faciltites
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
05 Feb 2024
 
 
 
Summary:
Leasing Land For Development And Operation Of Fuel Station And Supporting Faciltites
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
05 Feb 2024