Title: 4 Types of Tender and Tendering Processes Estimated reading time: 6 minutes An effective bid management and tender process provides a positive evaluation approach that leads not only to the appointment of appropriate suppliers but to ensure that the ongoing relationship is a mutually beneficial. A wholly balanced and highly efficient bid and tender management process improves the quality of the supply chain while reducing costs and managing risks. A tender is a submission made by a prospective supplier in response to an invitation to tender. It makes an offer for the supply of goods or services. As procurement routes have become more complex, tenders may be sought for a wide range of goods and services (for example, on a construction management contract the works are constructed by a number of different trade contractors each contracted to the client) and contractors may take on additional functions such as design and management. The 4 main types of tenders are: • Open tender • Selective tender • Negotiated tender • Single-stage and two-stage tender Open tender Open tendering is the main tendering procedures employed by both the government and private sector. Open tendering allows anyone to submit a tender to supply the goods or services required
and offers an equal opportunity to any organisation to submit a tender. This type of tender is most
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- Winter '16
- George Bouckovalas