Tendering এর ABC

A "tender" is a formal document used in the procurement process to invite suppliers to bid on a contract for goods or services, and it is part of the broader procurement function. 

Here's a more detailed explanation:

• Procurement:

  Procurement encompasses the entire process of acquiring goods or services, including activities like sourcing suppliers, evaluating proposals, and negotiating contracts. 
• Tendering:

  Tendering is a key component within the procurement process, acting as a formal invitation for suppliers to submit their offers or bids. 
• Purpose of a Tender:

  A tender document outlines the requirements of the buyer (e.g., the goods, works, or services needed) and the criteria for evaluating bids. 
• Public Procurement:

  In public procurement, tendering is a formal invitation for suppliers to present their most competitive tender offers. 
• Tender Management:

  The tender management process involves activities like creating the tender document, advertising the opportunity, evaluating bids, and awarding the contract.