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Entities desiring to make use of these procedures should keep lists of qualified suppliers interested in bidding. Selective tendering procedures: Only those suppliers invited to do so may submit a tender. Open tendering procedures: Any interested supplier may submit a tender. What is the difference between open and selective tendering? Contractors applying are given a list of information they should supply about themselves in order to ‘pre-qualify. Selective Tendering method: Under this, the buyer advertises his project and invites contractors to apply, based on a selected list of contractors who will be invited to bid for the project. Tendering methods are selected based on requirements of construction contracts. There are three types of tendering methods in construction – by open tendering, selective tendering, or by negotiation.
What are the types of tendering contracts used in construction? This offer will be the basis for the ensuing contract. The offer of a price is required from the contractor at an appropriate time. There are two purposes in tendering: To select a suitable contractor at a suitable time. What is the purpose of tendering in construction? READ: What type of music does Tiesto play?
