Clients will obtain the bargain possible.
Allowing the tender list to be made without bras. The tender list can be long as there are too many contractors tendering for one job.ģ. Therefore it gives an opportunity for an unknown contractor to compete for the work.Ģ. it allows any interested contractor to tender. The client does not bind to accept the lowest or any offer.Īdvantages and Disadvantages of Open Tenderġ. Although the price is very important in the decision on which tender or bid to accept, it is not the only factor taken into account.
Until the receipt of a bone file tender is selected then it will be returned. In order to reduce the number of inquiries, earnest money is deposited (for private projects). In the legal sense, such tender notices constitute an invitation to treat, a mere request by the employer for a suitable contractor to submit their bids or offers If the prerequisite to tendering on the form of possession of Cr the necessary registration has been identified in the tender notice, then the advertisement is directed to only that particular class of the public having the said qualifications. The Client advertises the tender offer in the local newspaper giving detail and key information of the proposed works and inviting interested contractors to tender. Open tendering is the main tendering procedure employed by both the government and the private sector.
