The BIDDING IN CONSTRUCTION: LAW AND ISSUES RAISED Economic and Law

Abstract

Bidding is the process of selecting a contractor that meets the requirements of the bid solicitor to perform a bidding package for the provision of consulting services, procurement of goods, and construction and installation on the basis of competition, fairness, and transparency. and economic efficiency. It is a process by which the owner selects a contractor that meets his requirements. Bidding in construction is the activity of searching for potential construction work to carry out the construction based on investment capital from investors and this activity can be said to be a competition for construction. In order to have the best quality construction work, the first requirement is that the work must find a quality contractor in the construction, and vice versa, the conditions that the contractors in the construction industry need. It is necessary to execute this bidding package to carry out the work successfully. On the basis of studying the current situation of the law on bidding and bidding in construction, the legal basis for bidding in building, this study points out the difficulties and problems posed in the construction bidding process in Vietnam.