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| ==Types of tenders== | ==Types of tenders== | ||
| ===Examples from the ]=== | |||
| '''Open tenders''', also called advertised or competitive tenders, are open to all vendors or contractors who can guarantee performance. Example: and . | '''Open tenders''', also called advertised or competitive tenders, are open to all vendors or contractors who can guarantee performance. Example: and . | ||
| '''Invited tenders''', also called prequalified, short-listed or selective tenders, are only open to selected prequalified vendors or contractors. Example: and . | '''Invited tenders''', also called prequalified, short-listed or selective tenders, are only open to selected prequalified vendors or contractors. Example: and . | ||
| ===Examples from the ]=== | |||
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| ==See also== | ==See also== | ||
Revision as of 22:12, 9 August 2006
Tenders are special procedures to generate competing offers from different bidders looking to obtain an award of business activity in works, supply, or service contracts. The term originates in the use of ship's tenders, small boats that would assist the functioning of a larger boat or ship when arriving at a port of call. When merchant ships were about to arrive at a port, they would post a notice describing the goods they wished to buy or sell. This notice was delivered ahead of the larger ship by a tender (boat), and hence the process became known as tendering (i.e., describing the delivery of offers for buying or selling to facilitate the procurement of goods or services)
Types of tenders
Open tenders, also called advertised or competitive tenders, are open to all vendors or contractors who can guarantee performance. Example: ad and results.
Invited tenders, also called prequalified, short-listed or selective tenders, are only open to selected prequalified vendors or contractors. Example: ad and results.
See also
External links
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