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11. What isTeftderiftg? To invite bids for a project, or to accept a formal offer such as a takeover bid. Tender usually refers to the process whereby governments invite bids for large projects that must be submitted within a finitedeadline. TenderingProcess Tendering is the process of making an offer, bid or proposal, or expressing interest in response to an invitation or request for tender. Organizations will seek other businesses to respond to a particular need, such as the supply of goods and services, and will select an offer or tender that meets their needs and provides the best value for money.

12. What is TeftderiftgProcess? • The tendering process is generally utilised for procurements or contractsinvolving • substantial amounts of money. Tendering is utilisedby: • Government departments, offices andagencies • Private sector companies andbusinesses • Non GovernmentOrganizations • Overseas markets andbusinesses • While the concept of tendering may seem daunting at first, it can be easily tackled by having a plan of ‘attack'. When becoming involved in a tendering process, it is important to understand your business' suitability for the project; whether your business' current situation will allow for you to tender, as well as your ability to manage the contract if you are successful in winning thetender

13. Types OfTeftderiftg OpenTendering An open tendering process is an invitation to tender by public advertisement. There are no restrictions placed on who can submit a tender, however, suppliers are required to submit all required information and are evaluated against the stated selectioncriteria. SelectTendering A select tender is only open to a select number of suppliers. The suppliers may be a short list sourced from an open tender or be a compilation of businesses that the organization has worked with previously.

14. Types OfTeftderiftg Multi-stageTendering Multi-stage tendering is used when there are a large number of respondents. At each stage in the process, the suppliers are culled to those who are most suited to the specific contractrequirements. InvitedTendering An organization contacts a select number of suppliers directly and requests them to perform the contract, it is generally used for specialist work, emergency situations or for low value, low risk and off the shelfoptions,

15. Teftders caft be issuedby: • Expressions of interest(EOI) • Used to shortlist potential suppliers before seeking detailedoffers. • Request for information(RFI) • Used in the planning stage to assist in defining the project, however, not used to selectsuppliers. • Request for proposal(RFP) • Usedwheretheprojectrequirementshavebeendefined,butaninnovativeor • flexible solution is needed. • Request for quotation(RFQ) • Invites businesses to provide a quote for the provision of specific goods or services. • Request for tender(RFT) • An invitation to tender by public advertisement open to allsuppliers.

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