Kilpailutetussa

Kilpailutetussa is a Finnish word that translates to "competitively tendered" or "subjected to tender" in English. It refers to a procurement process where goods, services, or works are acquired through a formal competitive bidding procedure. This process is typically used by public sector organizations, such as government agencies and municipalities, but also by private companies, to ensure that they obtain the best value for money.

The core principle behind a competitive tender is that multiple suppliers or contractors are invited to submit bids or proposals for a specific project or purchase. These bids are then evaluated based on predefined criteria, which often include price, quality, technical specifications, and delivery timelines. The contract is then awarded to the bidder who best meets these criteria, demonstrating that the process has been fair and transparent.

The purpose of competitive tendering is to foster competition, drive down costs, and improve the quality of goods and services procured. It helps to prevent favoritism and corruption by creating an open and objective selection process. The transparency of the tendering process also allows for public scrutiny and accountability, particularly in the case of public procurement. The specific rules and regulations governing competitive tenders can vary depending on the jurisdiction and the type of organization conducting the tender.