What are tenders? Explain the different types of tenders used in procurement.
%20copy.jpg)
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