The scheduled bid invitation date should be indicated in the Prequalification Documents. The prequalification result must be informed to the applicants within the number of days from the date of submission, as indicated in the “Instructions to Applicants”. The Borrower should advise applicants of the result of their application usually within sixty (60) days after the date of submission of applications.
The scheduled award date should also be indicated in the Bidding Documents, and any extension of bid validity should be avoided. The Borrower should complete the evaluation of bids within the bid validity period stipulated in the Bidding Documents. (Procurement Guidelines, Section 5.06, Notes 10) The recommended validity period should normally not be longer than one hundred and twenty (120) days in case of Works procurement contracts.