What are tenders? Explain the different types of tenders used in procurement.

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Tender:- 


A tender is a formal invitation issues by a client to a suppliers and contractors to submit bid or proposal for providing goods or services or any executable work specified terms and condition.


Types of tender in procurement:- 


1) Open tender

2) Selective tender 

3) Negotiated Tender

4) Single or direct tender

5) Two stage tender

6) E Tenders

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