There are several types of tendering processes, which vary depending on the sector, industry, and country. Below are some common types of tenders:
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Open Tender: Any supplier can submit a bid and compete for the contract.
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Closed Tender: A limited number of suppliers are invited to submit their bids, usually selected based on specific criteria.
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Limited Tender: A select number of suppliers are invited to participate, often chosen from a pre-qualified list or through exclusive invitations.
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Direct Tender: The tender is directed to a single supplier only, based on specific reasons determined by the buyer.
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International Tender: Used for projects and procurements that go beyond national borders, announced according to international standards.
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Reverse Auction: A form of public bidding where competing suppliers gradually lower their prices to win the contract.
These are some of the common types of tenders, though other types may exist, each with its own specific rules and requirements.
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