Tender

by DeskWork

Tender

Tender is a formal offer made by a company or individual to carry out consultancy, construction, supply materials or other services at a specified price.  Tenders are mostly used in the public sector where governments or organization invite local or international company to bid for large scale contracts. However, they are also used in the private sector. There are different types of tenders. The tender process usually starts issuing a tender notice, submitting quotation, evaluate quotation based on price and quality, and then awarding the contract to the most suitable bidder. Tender is an essential part of local business and government office.