What Is tender:-

"Tender" means an invitation to offer for an item/items or work. In India, over a certain value has to be publicly notified through Tender Notices which are advertised through All India Newspapers, Trade Journals, Departmental Publications and Notice Boards, and now on Internet.

  • (A)Limited Tender:-
    This involves issuing Tender to few selected vendor's/company only.
  • (B)Open Tender:-
    This means that the Tender is open to any supplier who can quote for the materials as per requirements. This is usually done by publishing the Tender Notice in Newspapers/Trade journals/Internet and other bulletins.

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