Know about What are Tenders? in just 5 Steps.

What are Tenders?

 

1.  Tenders are Procurement Notices floated by Buyers inviting Supplier to submit their Technical & Financial Proposals.

2. Tenders are also floated for sale of Assets/Goods/Scrap etc...

3. Tenders are be for buying or selling of Products, Services or for executing work contract (construction).

4. Majority of Tenders are for procurement or buying of Goods/Services Generally known as notice inviting Tenders or NIT.

5. Tenders are also floated for seeking suggestion, idea or consultancy, known as EOI or Expression of Interest.