Open Tender means the process of publicly inviting offers to supply goods or provide services involving specifications and detailed documentation.
Open Tender means a one stage Tender process whereby any party may submit a Tender.
Open Tender means a procurement method for acquisition of goods, works and services which involves an invitation to submit a full bid in a competitive bidding process without pre- qualification to all interested economic operators.
Examples of Open Tender in a sentence
There shall be compulsory registration of agents for all Global (Open) Tender and Limited Tender.
More Definitions of Open Tender
Open Tender means a tender that is advertised to the entire market via an open invitation process e.g. SA Tenders website accompanied by an advertisement.
Open Tender means the tenders invited in open and public manner and with adequate notice.
Open Tender means Requests for Proposals, Request for Quotations or Call for Tenders advertised publicly.
Open Tender means a tender which is open to all parties to make offers;
Open Tender means the tendering procedure in which any interested economic entity may submit a tender in the context of a call for tenders.
Open Tender. This is where all potential suppliers are invited to tender. The budget holder must discuss and agree with CFOO how best to advertise for suppliers e.g. general press, trade journals or to identify all potential suppliers and contact directly if practical. This is the preferred method of tendering, as it is most conducive to competition and the propriety of public funds.