The transaction phase is crucial for the potential private sector partner. In the pre qualification stage, the procurement team will select potential investors that could be short listed for the competitive bidding, as described in the figure above. An expression of interest will be submitted here. Short listed candidates will be evaluated and ranked, and the qualified candidates will be invited to submit full proposals. The first ranked bidder will be welcomed to negotiate with the PJPK. At this point the decision to award the bidder will be in the hands of the PJPK. As can be seen from the above graph, the.