This redflag indicates risk if a bid's due date has been extended after some of the bids have been submitted AND/OR Some or all bids are disqualified for simple errors AND/OR Complaints from bidders that they were not allowed to submit bids AND/OR A bid is “forgotten” in the safe.
This redflag indicates risk if the winning bid price is much higher than cost estimates or industry averages AND/OR bid prices drop when a new or infrequent bidder enters the bidding process AND/OR persistently high or increasingly high bid prices by all bidders
This redflag indicates risk if a company withdraws its bid often without explanation AND/OR submits incomplete bids too frequently AND/OR submits a fraudulent bid security (indicating that it knows it is not going to win) AND/OR company submits unusually high bid prices (especially if prices are rounded or unnatural numbers occur)
This redflag indicates risk if there are any changes to quality, quantity or specification both to goods and services in the contract deviating from the bidding document AND/OR changes to contract type AND/OR Changes to standard contract clauses (audit, remedies, damages, etc.)AND/OR price schedules are not the same as the winning bid
This redflag indicates risk if only a few of the companies that purchase the bidding documents submit bids (especially if more than half drop out) AND/OR relatively few companies submit bids, compared to prior similar tenders AND/OR fewer than the normal or expected number of potential bidders apply for prequalification.
This indicator indicates risk if bids are not opened in public AND/OR pages are missing from one or more bids AND/OR changes to the bid prices and bid security list are handwritten AND/OR members of the bide evaluation committee [BEC] are present or participating AND/OR The attendance sheet lacks original signatures of the company representatives supposedly present at the ceremony
This redflag indicates risk if (more than half of the) companies that buy the bidding documents refrain from submitting bids AND/OR substantially fewer bids have been received than in previous, similar tender AND/OR well-known qualified companies do not bid, especially if they purchased the bidding documents
This redflag indicates risk if there is a wide and inexplicable disparity in bid prices considering the type of works, goods or services being procured. The Worldbank' Handbook does not indicate the scope of the width.