what are the procedures to be adopted in tendering- a draft manual


Elite Member
Sep 21, 2017
What does 'Tender' mean
To tender is 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 and financial institutions invite bids for large projects that must be submitted within a finite deadline. The term also refers to the process whereby shareholders submit their shares or securities in response to a takeover offer.

For projects or procurement, most institutions have a well-defined tender process, as well as processes to govern the opening, evaluation and final selection of the vendors. This ensures that the selection process is fair and transparent. In regards to tender offers related to takeover attempts, the conditions of the offer are also clearly listed, including the purchase price, number of shares requested, and a deadline for response.
Tender for a Contract
A tender can refer to an attempt by a business to land a particular contract that is requesting responses. Similar to a formal bid, a formal tender lists the conditions regarding how the company would meet the specified needs to the requesting organization, as well as information regarding the general operation and capabilities of the tendering company.

Issues related to costs of associated materials and labor, milestones or project goals, and timelines to complete specific portions of the work may be included within the response, providing an overview to the requesting organization regarding the responding business's intentions.

A tender is often considered more complex than a bid. A tender is often requested in response related to larger-scale projects or long-term commitments. With the additional complexity can come additional costs on the side of the business submitting a tender. Just like a bid, an offer may or may not be accepted by the requesting organization.

find enclosed herewith the draft tender manual explaining the tender procedure etc.

cover letter courtesy investopedia.com


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