Fernande, the property manager, needs to hire a contractor to install new electrical wiring for the units in the rental complex. She is unsure whether to continue her relationship with the same contractor who performed the last job or to open up a tender.

Which of the following is NOT an advantage if Fernande were to commence a tender?

1. With tendering, Fernande is more likely to receive the best price possible.
2. With tendering, Fernande is able to base her selection on several different criteria.
3. With tendering, the process is quick and efficient.
4. With tendering, the selection process is transparent to the owner, reducing the danger of accusations of favoritism or "sweetheart" deals.

Commencing a tender allows Fernande to receive the best price and base her selection on multiple criteria. The process may not be quick and efficient.

Explanation:

One advantage of commencing a tender for Fernande is that she is more likely to receive the best price possible. Another advantage is that she can base her selection on several different criteria. However, the process of tendering may not be quick and efficient, which is a disadvantage she should consider. Therefore, the answer is (3) With a tendering, the process is quick and efficient.

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