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(No Transcript)
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What is Teftderiftg?
To invite bids for a project, or to accept a
formal offer such as a takeover bid. Tender
usually refers to the process whereby governments
invite bids for large projects that must be
submitted within a finite deadline. Tendering
Process Tendering is the process of making an
offer, bid or proposal, or expressing interest
in response to an invitation or request for
tender. Organizations will seek other businesses
to respond to a particular need, such as the
supply of goods and services, and will select an
offer or tender that meets their needs and
provides the best value for money.
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What is Teftderiftg Process?

• The tendering process is generally utilised for
  procurements or contracts involving
• substantial amounts of money. Tendering is
  utilised by
• Government departments, offices and agencies
• Private sector companies and businesses
• Non Government Organizations
• Overseas markets and businesses
• While the concept of tendering may seem daunting
  at first, it can be easily tackled by having a
  plan of attack'. When becoming involved in a
  tendering process, it is important to understand
  your business' suitability for the project
  whether your business' current situation will
  allow for you to tender, as well as your ability
  to manage the contract if you are successful in
  winning the tender

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Types Of Teftderiftg
Open Tendering An open tendering process is an
invitation to tender by public advertisement.
There are no restrictions placed on who can
submit a tender, however, suppliers are required
to submit all required information and are
evaluated against the stated selection
criteria. Select Tendering A select tender is
only open to a select number of suppliers. The
suppliers may be a short list sourced from an
open tender or be a compilation of businesses
that the organization has worked with previously.
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Types Of Teftderiftg
Multi-stage Tendering Multi-stage tendering is
used when there are a large number of
respondents. At each stage in the process, the
suppliers are culled to those who are most suited
to the specific contract requirements. Invited
Tendering An organization contacts a select
number of suppliers directly and requests them to
perform the contract, it is generally used for
specialist work, emergency situations or for low
value, low risk and off the shelf options,
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Teftders caft be issued by

• Expressions of interest (EOI)
• Used to shortlist potential suppliers before
  seeking detailed offers.
• Request for information (RFI)
• Used in the planning stage to assist in defining
  the project, however, not used to select
  suppliers.
• Request for proposal (RFP)
• Used where the project requirements have been
  defined, but an innovative or
• flexible solution is needed.
• Request for quotation (RFQ)
• Invites businesses to provide a quote for the
  provision of specific goods or services.
• Request for tender (RFT)
• An invitation to tender by public advertisement
  open to all suppliers.

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