Answer :
Open tender, close tender, and competitive tender are different types of procurement processes used by organizations to obtain goods or services. Let's compare them:
1. Open tender:
- In an open tender, the procurement process is open to all interested suppliers or contractors.
- The tender notice is publicly advertised, inviting bids from anyone who meets the specified requirements.
- The main advantage of an open tender is that it encourages competition and transparency, as any eligible bidder can participate.
- This type of tender is commonly used in government organizations or public sectors.
2. Closed tender:
- In a closed tender, the procurement process is limited to pre-selected suppliers or contractors.
- The invitation to tender is sent directly to a select group of suppliers who are deemed qualified or suitable for the project.
- Closed tenders are often used when the organization has a preferred list of suppliers or contractors, or when there is a need for confidentiality or security.
- The main advantage of a closed tender is that it allows for a more targeted selection process and can be efficient when dealing with a smaller pool of potential suppliers.
3. Competitive tender:
- Competitive tender is a broader term that can include both open and closed tenders.
- In a competitive tender, the focus is on creating a fair and competitive environment for suppliers to bid for the project.
- The main objective of a competitive tender is to ensure that the organization obtains the best value for money, while also considering other factors such as quality, reliability, and delivery time.
- Whether it is an open or closed tender, the competitive element is emphasized to encourage suppliers to submit their best proposals.
Open tender involves a public invitation for bids, closed tender restricts the invitation to a select group, and competitive tender encompasses both approaches with a focus on fairness and competition.
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