Tender and Bid are common terms you come across when dealing with procurement of services in the construction industry. Usually, the two terms are used interchangeably, although their meanings vary. What is the Difference Between Tender and Bid? Both tender and bid are standard terms you will encounter in the tendering process. Mainly, organizations useContinue reading “Tender and Bid”
Tag Archives: bidding process for open tendering
6 most popular types of tendering methods in the construction industry
There are various types of tendering methods, to analyze, negotiate and award a project to a contractor. But We can only identify two types of contractual bindings in the construction industry. The first is a standing offer under a maintenance work for a specified period, and this contract type is rare compared to others. TheContinue reading “6 most popular types of tendering methods in the construction industry”