How to Prepare and Evaluate Tenders

An offer, usually in writing, to execute work or supply goods or services at a stated price, and under stated conditions.

Information about How to Prepare and Evaluate Tenders

Every organisation whether profit making or non-profit making, such as charities or service organisations, has a requirement for purchasing. The value of spend and the degree of sophistication can vary greatly with the nature of the product or service and with the complexity of the business itself. Today’s competitive demands require the procurement or purchasing process to be accomplished in a capable and professional manner.

Related concepts

Sourcing

Reactive and strategic sourcing approaches are not mutually exclusive, however, strategic approaches are preferable because of their inherent ability to maximise...

Find out more