![]() ![]() Selective tendering is an option that has been created to address the limitations of the open tender system. Can choose a contractor with no prior experienceĦ. If the lowest bid is not taken, public accountability may be called into doubt.ĥ. The source is being used inefficiently.Ĥ. ![]() ![]() The tendering process consumes additional time.ģ. There may be a large tender list if there are too many contractors bidding for the task.Ģ. It is a traditional way of tendering that is well-known throughout the engineering and construction industries.ġ. There will be no partiality in the selection of contractors.Ĥ. Create opportunities (for a more significant number of contractors) so that the owner can receive a better price.ģ. High levels of transparency and competitionĢ. The customer promotes the tender offer in the local newspaper, with crucial details about the intended works, and invites interested contractors.ġ. The primary tendering technique used by both the private and public sectors is an open tender. Tenders are of various types, including open tender, selective tender, serial tender, negotiated tender. In this article, we will briefly discuss the tendering process and different types of tenders. During the first step of this tender procedure, contractors are invited to submit sealed bids for construction or provide particularly planned services or items within a specific time limit. A tender is a fixed-price offer to execute a work or supply products. ![]()
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