They are primarily required for engineering construction services. Open tender: open tenders are often required by both private sectors and the public sectors of any society. Knowing that there are a lot of suppliers, the employer seeks a wide range of service providers to select from the poll of them– the best who will deliver both quality and timely products. This submission is made as an acknowledgment of an application to tender the requirements of particular services for specific purposes. To understand the types of tender and the tendering process, however, it is essential to know what a tender means.Ī tender is a process of submitting a proposition by several candidates regarded as potential suppliers. To ensure that the quality of supply is received while cutting down costs, the tender process for evaluating contractors proves very important and useful. In this relationship, the employer and the contractor have a mutually beneficial relationship after a period of selection. The tender process empowers a medium of trial and evaluation that could lead to the selection of a supplier or contractor for a particular business. The types of tender and tendering processes are a means of productive bid management.
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