Overview
This Guidance Note (GN) is intended to provide client countries of the Caribbean Development Bank (CDB) with guidance on dealing with those exceptional situations in which, following an open, competitive bidding process, where price is a criterion used in the evaluation of Bids, the need may arise for a Purchaser to enter into post-bidding price negotiations with a Bidder.

Definition
The term “post-bidding price negotiations” refers to the circumstance in which a Purchaser, after having has conducted a procurement process by an Open Competitive Bidding (OCB) selection method and having undertaken the evaluation of Bids but not yet awarded the contract, finds itself unable to proceed to contract award without first entering into price negotiations with a Bidder. This would invariably be the Bidder that is recommended for the award of the contract in accordance with the evaluation and qualification criteria defined in the bidding documents.