Describe the kinds of tenders
Briefly describe the kinds of tenders?
Expert
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.
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I have reviewed the questions within the assignment and I am confused on how to read the financial statement (maybe because we did not cover this information within the class.) I understand the basics of financial statements and I understand the terms used within the questions, but I am not sure I a
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