Egypt Pharmaceuticals Tenders and Bids

Get access to latest Egypt pharmaceutical tenders and bids. Find business opportunities and business intelligence for Egypt pharmaceutical tenders, Egypt pharmaceuticals bids contracts, pharma public procurement notices, Egypt drugs tenders, Egypt medicine tenders, Egypt generic medicine tenders, pharmaceutical market reports, pharmaceutical market intelligence. Find Egypt tenders, bids, procurement, RFPs, RFQs, ICBs. Search for Egypt pharmaceutical tenders online. The Economy of Egypt used to be a highly centralized economy, focused on import substitution under president Gamal Abdel Nasser. During the rule of president Abdel Fattah el-Sisi, the economy follows Egypt's 2030 Vision. The policy is aimed at diversifying Egypt's economy. The country's economy became the second largest in Africa after Nigeria regarding nominal GDP, the sixth largest in the Middle East, and 36th in worldwide ranking as of 2021. Since the 2000s, the pace of structural reforms (including fiscal and monetary policies, taxation, privatisation and new business legislation) helped Egypt move towards a more market-oriented economy and prompted increased foreign investment. The reforms and policies have strengthened macroeconomic annual growth results. As Egypt's economy healed, other prominent issues like unemployment and poverty began to decline significantly. The country benefits from political stability; its proximity to Europe, and increased exports. The pharmaceutical industry discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as medications to be administered to patients (or self-administered), with the aim to cure them, vaccinate them, or alleviate symptoms. Pharmaceutical companies may deal in generic or brand medications and medical devices. They are subject to a variety of laws and regulations that govern the patenting, testing, safety, efficacy and marketing of drugs. The global pharmaceuticals market produced treatments worth $1,228.45 billion in 2020 and showed a compound annual growth rate (CAGR) of 1.8%.

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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: Egypt Pharmaceuticals Tenders, Egypt Pharmaceuticals Bids, Egypt Pharmaceuticals Global Tenders, Egypt Pharmaceuticals International Tenders, RFPs, RFQs, EOI, ICBs, Contract awards.