In the Government or in the Public sector both Central/State psus, Municipal Corporations etc. are called Tender Notices for their daily Purchase & Contracts. Based on goods & services to be procured through this tenders, Tenders are categorized by the following Tender Type
- Goods Tenders
- Services Tenders
- Work Contract Tenders
There are different type of procedure to be adopted for Purchase of goods, services & works. This mainly depend on goods & services type, their frequency of purchase, and other specifications. Different procurement roots adopted in government are as follows
Types of Tender by Tendering Process
Based on accessibility of tenders like Who can Participate in Tenders, Tenders are further classified as
Open Tenders : Any Contractor can Participate in such kind of tenders. It is a kind of Post evaluation method where at the time of Bid Opening his capabilities are check to execute the given works.
Limited Tenders : In such kind of tenders only approved bidders can participate in this tenders. It is a Kind of close Tenders where competition among the pre Qualified bidders.
- Request for Proposal - RFP
- Request for Quotations - RFQ
- Expression of Interest - EOI
- Forward Auctions
- Reverse Auctions
- Supplier / Contractor Empanelment or Vendor Enlistment
- Tender for Rate Contract