kilpailutetuista

Kilpailutetusta is a Finnish word that translates to "competitively tendered" or "subjected to tender" in English. It refers to a process where goods, services, or works are procured through a formal bidding process. This means that multiple potential suppliers or contractors are invited to submit offers or bids to undertake the work or provide the goods.

The core principle of competitive tendering is to ensure fairness, transparency, and value for money. By inviting several parties to compete, the buyer can compare different proposals based on criteria such as price, quality, technical expertise, and delivery times. The goal is to select the most advantageous offer for the buyer.

This procurement method is commonly used in both public and private sectors. Public organizations, such as government agencies and municipalities, are often legally obligated to use competitive tendering for many of their purchases to ensure public funds are spent efficiently and without favoritism. In the private sector, companies may use competitive tendering to secure favorable terms and identify the best partners for their projects.

The tendering process typically involves publishing a tender notice, allowing interested parties to request tender documents, preparing and submitting bids within a specified deadline, and finally, evaluating the bids and awarding the contract to the successful tenderer. The entire process is designed to be objective and auditable.