Tenders

Tenders are formal offers or bids made by companies or organizations to provide goods, services, or undertake projects for a specific job or contract. When an entity needs work done, it publicly invites suppliers to submit their proposals, which detail how they will fulfill the requirements and at what cost. The issuing organization then reviews these bids and selects the most suitable or cost-effective option. Tenders promote transparency, competition, and fairness in procurement processes, ensuring that the best value and quality are achieved for public or private projects.