Tendering Process:Advantages and Types, All You Need to Know

Tendering Process

The tendering process is the process of inviting bids for projects, it is usually practiced by government institutions. The main objective of the Tendering Process in Construction is to eliminate favoritism and corruption in awarding works to construction companies. It is an invitation from the owner to the contractor to execute some work at a specified cost at a specified time. It is published in the form of tender notices in newspapers, notice boards, etc. according to the cost of work. With the help of the tender,