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- What is Tendering and Types of Tendering | CIPS
What is tendering and types of tendering? A tender is a formal offer or bid from a potential supplier looking to win a contract for works or services, usually submitted in writing, the tender outlines the work or supply of goods or services, at a stated price and under stated conditions An invite to tender (ITT) is a request to potential suppliers in respect of execution of work or supply of
- What is Tendering? Everything You Need to Know.
Tendering is also more common in certain industries, like construction, engineering, information technology, and business consulting In general, the tendering process is likely to be used any time the dollar value of the contract is high, or there is significant risk
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