Describe the kinds of tenders

Question

Briefly describe the kinds of tenders?

Answer 1

i) Single Tender : When only one source of supply is accessible after that single tender is addressed to the selected supplier.

ii) Limited Tender : This kind of tender is addressed to a limited numeral of suppliers, who are the dependable source of supply.

iii) Open Tender : is open to all the suppliers in the country who can supply the needed quantity and quality of materials. These invitations is made through advertising in newspapers,

iv) Global Tender : is open to anyone from any division of the world to supply the needed quantity and quality of materials.