Business Studies, asked by AradhyaMehra, 1 year ago

explain the process of inviting tenders

Answers

Answered by ajeetayadava44p8m08b
1
Hey Mate,

Here Is Your Answer

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A tender is a submission made by a prospective supplier in response to an invitation to tender. It makes an offer for the supply of goods or services. In construction, the main tender process is generally for the selection of the contractor that will construct the works.

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Hope It Helps You.

AradhyaMehra: thankss
Answered by HA7SH
10

Explanation:

An invitation to tender (ITT) is the initial step in competitive tendering, in which suppliers and contractors are invited to provide offers for supply or service contracts, the ITT is one process in IT procurement. ... Invitations to tender are also known as calls for bids or calls for tenders.

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