tenderprocedures
Tender procedures are formal processes used by organizations, especially public sector bodies, to solicit and evaluate competitive bids from suppliers for goods, works, or services. The aim is to achieve value for money while ensuring fairness, transparency, and accountability. Tendering is typically governed by laws, regulations, and internal policies, and may be subject to external oversight or scrutiny.
The process generally includes several stages. First, planning defines the needing organization, budget, and delivery timeline.
There are several tender types, including open tenders (publicly advertised to all bidders), restricted or selective