Define Types Of Tenders-single Tender,limited Tender,open Tender,glob

1.	Define Types Of Tenders-single Tender,limited Tender,open Tender,global Tender?
Answer» Single Tender : When only ONE source of supply is available then single tender is addressed to the selected supplier. LIMITED Tender : This type of tender is addressed to a limited number of suppliers, who are the reliable source of supply. Open Tender : is open to all the suppliers WITHIN the country who can supply the required QUANTITY and quality of materials. Such invitation is made by advertising in newspapers, journals etc. GLOBAL Tender: is open to anybody from any part of the world to supply the required quantity and quality of materials.

Define Types Of Tenders-single Tender,limited Tender,open Tender,global Tender?

Answer»

Single Tender : When only ONE source of supply is available then single tender is addressed to the selected supplier.
LIMITED Tender : This type of tender is addressed to a limited number of suppliers, who are the reliable source of supply.
Open Tender : is open to all the suppliers WITHIN the country who can supply the required QUANTITY and quality of materials. Such invitation is made by advertising in newspapers, journals etc.
GLOBAL Tender: is open to anybody from any part of the world to supply the required quantity and quality of materials.