Public Tenders are special procedures to award works, supply, or service contracts. The original meaning of the word tender is from the verb "to tend". This sense was applied to smaller boats that would assist the functioning of a larger boat or ship - a tender. When merchant ships would arrive at a port, they would send post a notice describing the goods they wished to buy. This notice was delivered by a tender, and hence the process became known as tendering. In the United States they may be referred to as Solicitations, Requests for Proposal, or Requests for Quotation. In the United Kingdom, the process may be called best value.
Types of tenders
Invited tenders are where only selected suppliers are invited to tender and no one else can participate in the process. They may also be called invited tenders, prequalified tenders, short-listed tenders, or selective tenders. Example: ad and results.
Open tenders are open to all suppliers who can guarantee their performance. Example: ad, results.
See also
External links
- European Public Tenders
- Contract Tenders - Public Tenders in UK
- TED - Public Tenders in Europe
- TenderDirect - Public & Private Tenders in Malaysia
- TenderSystem - Open Source Reverse Auction Software
- uShip - Online shipping market place
- WhyAbe - Free RFP System
- SupplierSelect - Commercial Tender Management Software
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