This is an old revision of this page, as edited by Lexicon (talk | contribs) at 12:52, 9 August 2006 (those are TYPES OF TENDERS and the examples happen to be from municipal governments, but that doesn't make the TYPE of tender public. The type of tender is the type of tender. period.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Revision as of 12:52, 9 August 2006 by Lexicon (talk | contribs) (those are TYPES OF TENDERS and the examples happen to be from municipal governments, but that doesn't make the TYPE of tender public. The type of tender is the type of tender. period.)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)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
 | This business-related article is a stub. You can help Misplaced Pages by expanding it. |