A Prequalification and Bid Evaluation Report (PQ) for a project is a document used in the procurement process to assess the qualifications of potential bidders and evaluate their bids. It typically consists of two main sections:

The Prequalification Evaluation prequalifies the potential bidders before they are invited to submit bids for the project. It includes an evaluation of their financial stability, technical capabilities, experience, and compliance with legal and regulatory requirements. The report provides a summary of the prequalification process and identifies the bidders who meet the prequalification criteria.

The Bid Evaluation Report evaluates the bids submitted by prequalified bidders in response to the project’s invitation to bid. It assesses factors such as bid price, compliance with technical specifications, proposed project schedule, and any additional terms or conditions. The report compares and analyzes the bids to determine the most advantageous offer for the project, considering both price and quality factors.