(N) procure tenders
Tenders are floated by various corporations, organizations, department, and agencies, both within the private and public sector. They’re basically a kind of a call for participation issued to rent contractors and suppliers for the completion of any large-scale project or procurement process. The organizations issuing the tender are basically required to release a document, which is actually referred to as Request for Tender or Request for Proposal. This document details their requirements from the contract, also because of the selection criteria. All interested organizations operating within the particular industry can subsequently submit their bids while providing the outline of the small print of the contract and quoting a price. The system of e-tendering In the modern digitized business environment, the system of tendering is usually conducted through...