Types of Tender

Who issues tenders?

Tenders are typically issued by government agencies, public sector organizations, private companies, and other entities seeking to purchase goods or services.

What is the purpose of tendering?

The primary purpose of tendering is to ensure transparency, fairness, and competition in the procurement process. It allows organizations to obtain the best value-for-money option by inviting competitive bids from multiple suppliers or contractors.

How do I participate in a tender?

To participate in a tender, you need to review the tender documents carefully, meet the eligibility criteria, and submit a compliant bid within the specified deadline. This usually involves providing detailed information about your company, pricing, technical specifications, and other relevant details.

What are the key stages of the tendering process?

The tendering process typically involves the following stages: tender preparation and advertisement, bidder inquiries and clarifications, submission of bids, bid evaluation, contract award, and contract implementation.

How are tenders evaluated?

Tenders are evaluated based on pre-defined criteria such as price, technical specifications, quality, past performance, and compliance with tender requirements. Evaluation committees assess each bid objectively to determine the most suitable bidder.

A tender is a formal invitation to potential suppliers or contractors to submit offers or bids for the provision of goods, services, or works. It is a competitive process used by organizations, government agencies, or businesses to procure goods or services in a transparent and fair manner. Tenders typically outline the requirements, specifications, terms, and conditions of the procurement, and interested parties are invited to submit their proposals detailing how they would fulfill those requirements. In this article, we will discuss in detail the three major types of tender.