This indicator indicates risk if audit reports are not signed or attested AND/OR the audit company does not exist AND/OR the audit report is not in line with auditing standards
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.
The indicator tells if the final total value of the contract is higher than the estimated value or if the final value is significantly (50%) lower than the estimate.
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 the pre-bid conference is scheduled too close to the bid submission date or yields changes to specifications without changes in deadline AND/OR Questions raised during the pre-bid conference are not addressed properly AND/OR clarifitions and modifications are not shared with all the prospective bidders
This redflag indicates risk if securities do not have a serial number AND/OR securities are copies rather than originals AND/OR securities are not on original letterhead of the issuing bank and lack the required signatures
This redflag indicates risk if certificates are not signed or dated AND/OR certificates appear to be copies rather than originals AND/OR multiple certificates on different dates, from varying sources, appearing to have identical signatures, formatting, etc.