The alternative is a two- or more-step bidding process. Under this approach, bidders submit an initial proposal that may contain comments on the PSR and the proposed contract and may or may not contain a financial offer. On the basis of these proposals, the government could review and revise the programme and draft treaty and request revised proposals accordingly. The government can discuss to varying degrees with bidders, as described in negotiations with bidders: during the tendering process. The government may also eliminate certain bidders at this stage and the review process can be repeated more than once. Bidders then submit final proposals, including a final financial offer. Depending on the bids submitted in response to the ITN, two bidders may be invited to make the best and last bid, or this phase may be omitted if itn bids allow the selection of a preferred bidder. For example, in 2004, the European Commission introduced the competitive dialogue procedure for the purchase of PPPs in the European Union. Upon receipt of the initial offers, the government may, upon receipt of the initial offers, engage in a dialogue with bidders on all aspects of the PSR, contract or proposals before re-educating a final version of the PSR documents and inviting final offers. The UK Finance Ministry`s guidelines on the competition dialogue procedure (UK 2008) provide further details. In Australia, a similar procedure can be used, called an interactive tender. Australia`s National PPP Practice Guide (AU 2015, 70-71) describes the interactive tendering process; The minutes of the process are also included in an appendix.
The issuance of this information document on the electronic auction process does not mean that the liquidator is required to select a bidder or designate the preferred bidder as the successful bidder for the company`s assets, and the liquidator reserves the right to refuse all or part of the bids without justification. Many governments allow these two approaches to be used. In Brazil, both the Federal Concession Act (for Custom PPPs) (RF 1995, Article 15) and the Federal PPP Act (BR 2004a, Article 12) authorize both approaches.