Question
Define types of tenders-single tender,limited tender,open tender,global tender?
Answers
Single Tender : When only one source of supply is available then single tender is addressed to the selected supplier.
Limited Tender : This type of tender is addressed to a limited number of suppliers, who are the reliable source of supply.
Open Tender : is open to all the suppliers within the country who can supply the required quantity and quality of materials. Such invitation is made by advertising in newspapers, journals etc.
Global Tender: is open to anybody from any part of the world to supply the required quantity and quality of materials.   Your Comment




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