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Types of Tender and Tender Notice
Types of Tender and Tender Notice
TENDER NOTICE
Tender.
TYPES OF TENDER
Open
or public tender
Selected or limited tender
Negotiated tender
Negotiated tender
This is the advanced form of selective
tender and the contract is given by
negotiations with one or at the most two
contractors.
As such, there is no competition in this type
of tender and hence, it may be prove to be
costly.
But when the work is to be completed in
target time without sacrificing for the
quality, the negotiated tender may prove to
be the only alternative.
Tender Notice
The notice inviting tender paper is a very
important document on which tender and
subsequent agreements with the
contractors are based.
Tender notice should stipulate reasonable
time for completion of work, in an urgent
case the authority which is competent to
approve N.I.T, in that particular tender
might curtail the period but the period
should be realistic period.