Should the DAO implement a Bidding and Tendering process to allocate resources for voted projects?

by 0x160eeddb2c1c085232e948abfb932a19a67395ae (mONo)

The Bidding and Tendering process is a method to select the most suitable service provider or supplier, by comparing proposals against specific criteria. This system encourages fairness and transparency of opportunities, as well as the effectiveness of funds allocation.

The DAO currently have a funds allocation process called Grants Program, however in such a process the project and the team are both voted at the same time. The proposed Bidding and Tendering approach looks after separating the process of the DAO deciding what needs to be done, to the decision of who should make it happen. The idea is not to replace the Grants Program, but to have an impartial mechanism to carry out projects of strategic interest for the DAO.

We imagine structuring the process in the following four (4) stages, but a more detailed draft proposal should follow this poll.

1° Community Signaling

Community members could propose/request new projects to develop. By expressing their opinion on the matter through an open discussion, determine if there is enough support to move forward with the drafting of an initial tender proposal.

Most voted projects should be eligible to be promoted to the next stage, including the comments and feedback from the community.

2° Tender Proposal

The Tender Proposal would be published with the curated and validated idea, this should include all the project requirements, specifications, expected deliverables and timeline restrictions.

Once the tender proposal is approved, the process is moved automatically to the next stage.

3° Bidding Process

Organizations would be able to submit their proposals within a certain period of time, including budget, timeline and any other relevant information. Depending on the nature of the project, the bidders might need to be a Verified Partner in order to submit a bid.

4° Selection

Bids would be analyzed and invalid ones filtered out. The ones complying with the Tender criteria would be presented to be voted and selected by the community.

After the selection is done, the funds would be allocated to the provider using a vesting contract similar to how the Grant’s Program operates.

• Yes, we should implement Bids & Tenders.
• No, we shouldn’t implement Bids & Tenders.
• Invalid question/options

Vote on this proposal on the Decentraland DAO