![]() ![]() It also provides a platform for competition, offers the ability to set criteria for selecting the most suitable supplier, and ensures that the lowest price is offered for the project. Overall, tendering is an important process for both the public and private sector, as it helps to ensure accountability and transparency in the selection process. Furthermore, tendering helps to ensure that the lowest price is offered for the project. This helps to ensure that the selection process is based on the most reliable data and information possible. This includes criteria such as cost, quality, delivery time, and more. In addition, tendering also offers the ability to set criteria for selecting the most suitable supplier. Tendering also provides a platform for competition, as it allows for multiple suppliers to bid for the same job. ![]() It is a great way to ensure that the selection process is fair and efficient. ![]() Many types of tendering are available, and they can be used for any project that involves the obtaining of services, goods or materials. Tendering is advantageous in many ways, and is often implemented in both the public and private sector to ensure accountability and transparency in the selection process. Therefore, types of tendering can be used to find the most suitable contractor for the project, whether it is large or small. Tendering is the procedure of obtaining bids from prospective suppliers and assessing and picking the successful bidder to award the contract. 4.7.2 Disadvantages of Nominated Tendering What is Tendering or Bidding? ![]()
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