![]() Tendering also provides a platform for competition, as it allows for multiple suppliers to bid for the same job. It is a great way to ensure that the selection process is fair and efficient. Many types of tendering are available, and they can be used for any project that involves the obtaining of services, goods or materials. ![]() Tendering is advantageous in many ways, and is often implemented in both the public and private sector to ensure accountability and transparency in the selection process. Therefore, types of tendering can be used to find the most suitable contractor for the project, whether it is large or small. Tendering is the procedure of obtaining bids from prospective suppliers and assessing and picking the successful bidder to award the contract. ![]() 4.7.2 Disadvantages of Nominated Tendering What is Tendering or Bidding? ![]()
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