Tender Management

Tender management is the process by which organizations seek and evaluate bids from suppliers or contractors to provide goods or services. It involves preparing detailed requests for proposals (RFPs), assessing submissions based on criteria like price, quality, and reliability, and selecting the most suitable provider. Effective tender management ensures transparency, competitiveness, and value for money, helping organizations make informed purchasing decisions while maintaining fairness and compliance with regulations. It is a systematic approach that streamlines procurement, reduces risks, and fosters healthy competition among bidders.