What costs are incurred in the traditional bidding process?

Tendering and bidding activities will incur certain transaction costs.

For bidders, in order to obtain the opportunity to bid, relevant personnel will be organized to collect and analyze procurement information, which will incur transportation, accommodation, personnel salary and other expenses or need to pay consulting fees and information fees to intermediaries; during the bidding process, it is necessary to

Purchasing bidding documents, making bidding documents, organizing on-site inspections, paying bidding deposits, participating in bidding, etc. These activities will also incur transportation expenses, accommodation fees, staff wages, printing fees, consulting fees and other expenses. The above expenses are collectively referred to as bidding expenses.