The intent is to provide transparent competition and minimize discrimination among contractors, suppliers, or vendors.
In addition to offering equal chances to all suppliers, open tendering aims at making a specific product/service available at the lowest price. Also known as open competitive bidding, open competition, or open solicitation, it encourages suppliers to offer timely deliveries without compromising on quality. Open tendering is the best medium to get value for money deals. Open tendering is a competitive public procurement method for acquiring goods, services, and infrastructure works. « Back to Glossary Index What is Open Tendering?
