What is tender? Let’s understand the tender in a simple way, basically it’s a contract kind of work which can be assigned to anyone who has given a better biding and detailed project of completing tasks.
Types of Tenders -
Open Tender- A process that is open to all qualified bidders and where the sealed bids are open in public for scrutiny and our chosen on the basis of price and quality.
Limited Tender – A process is limited to some qualified bidders only.