difference between tender and quotation
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Quotation implies a fixed price offer given to the customer as a response to the tender notice.
It is not exactly same as tender, which is a response to an invitation to tender, submitted by the prospective supplier.
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HEY MATE..........
An invitation to tender is an open request for proposal advertised by an organisation in the local newspaper, to invite potential and interested suppliers to submit their bid for supplying goods or services.
It is issued for a number of contracts, like construction contract, supplying machinery, deliver some software, etc. The entire process of inviting tender, submitting the tender and filling quotation is a part of tendering process.
Hope So It Helps U
An invitation to tender is an open request for proposal advertised by an organisation in the local newspaper, to invite potential and interested suppliers to submit their bid for supplying goods or services.
It is issued for a number of contracts, like construction contract, supplying machinery, deliver some software, etc. The entire process of inviting tender, submitting the tender and filling quotation is a part of tendering process.
Hope So It Helps U
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