Types of Tender

Types of Tender

1. Open Tender...

1. Open Tender

An open tender is a procurement process where the invitation to tender is publicly advertised, allowing any interested supplier or contractor to participate and submit their bids or proposals. It’s an inclusive approach that ensures transparency and competition in the procurement process. These are frequently employed in large-scale projects and government procurement, where maximizing competition, fairness, and openness are important goals....

2. Selective Tender

Selective Tender, also known as Limited Tender, is a procurement method where the tender invitation is restricted to a pre-selected list of suppliers or contractors. This technique aims to expedite the tender process and guarantee a higher level of quality and performance from the chosen bidders. It is frequently employed for specialized or high-value contracts where experience and reliability are crucial....

3. Negotiated Tender

A negotiated tender is a procurement method where the contracting authority enters into negotiations with one or more selected suppliers or contractors to finalize the terms of the contract. Unlike open or competitive tendering, where bids are submitted in response to a publicly advertised invitation, negotiated tendering involves direct discussions between the contracting authority and potential suppliers....

Types of Tender – FAQs

Who issues tenders?...