It is like reverse auction, in which a buyer requests would-be sellers to submit bids; lowest biddder wins.
The disadvantage of tendering systems is that they are very competitive. The advantage to tendering systems is that they always guarantee performance.
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There are many methods and procedures in procurement. Some of these methods and procedures include open tendering, restricted tendering, two page tendering, and request for proposals.
Yes.
It is like reverse auction, in which a buyer requests would-be sellers to submit bids; lowest biddder wins.
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No