![]() Price is know at the the award of the contract. There is equity in the tendering process for contractor bidding. What are the advantages and disadvantages of tender system?īecause there is competitive selection of contractor and consultants there is accountability. Competitive tender is also called competitive bidding. Competitive bidding can be extremely slow.Ĭompetitive tender is an auction process through which large institutional investors (also called primary distributors) purchase newly issued government debt. ![]() Use of cheaper, inferior quality materials and/or labour.Barriers to communication between supplier and customers.What are the disadvantages of competitive tendering? It is thought that a more competitive process will drive down prices and drive up added value, as firms all strive to showcase themselves as the most attractive choice for the contract. The main benefit perceived in the competitive tendering process for government contracts is value for money. What are advantages of competitive tendering? 8 What should be included in a framework tender document?.7 Why do public sector organisations not go to tender?.6 What is the difference between competitive and negotiated bidding?.4 How does competitive tendering affect profit?.2 What are the disadvantages of competitive tendering?.1 What are advantages of competitive tendering?.
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