What is a tender?

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What is a tender?

Tender auctions today entered any organization, or rather, its economic life. Especially when it comes to budget companies. One of the key areas is a tender for the performance of construction work or for the supply of materials.

The concept of "what constitutes a tender" is simply explained by means of the translation of this word from English, here it means a tender or a competition. Most of the tenders are carried out under the current legislation of the country where they are directly held, as well as in accordance with international regulations. The key value of the tender is the customer's choice of the optimal option for the provision of any services.
To explain in other words what such a tender is possible in this way: it is the choice of one specific contractor out of several available for the implementation of any order.

The range of tenders is quite extensive. Most often, they are carried out:

tender for the implementation of works;
tender for the provision of technical and engineering services;
tenders for advertising services;
tender for the supply of a specific type of goods.

During the tendering process, the choice of the contractor is carried out according to the criteria established at the very beginning of the tender procedure by the customer himself.

Tenders can be distributed according to the procedure for conducting:

closed or open;
in the form of a competition or an auction;
carried out in 1 or 2 stages.

The very same trading procedure itself is quite typical and includes several different stages.

An advertisement should be registered in a specialized official publication with the obligatory condition of publication on a specific resource in the global network.

By now, the tender documentation should be fully prepared and provided to those participants who have submitted requests in writing.

Based on the proposals received within the specified time intervals, tendering is carried out with the future determination of the contractor.

The winner is the participant whose proposal fully complies with the tender documentation and whose conditions for the provision of goods and services are the best.