A tender is a formal invitation to bid issued by an organization or company for a project or service. It often involves competitive bidding and can be related to public contracts or private agreements.
Types of Tenders
Open Tender
Invited Tender
Negotiated Tender
Why Participate in Tenders?
Engaging in tender processes can provide businesses with various opportunities, including:
Access to larger projects
Increased credibility
Potential for long-term partnerships
How to Prepare for a Tender
Understanding the requirements, preparing comprehensive documentation, and meeting deadlines are essential for a successful tender submission.