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Open Bids Fetch Competitive Procurement System
By Deepti Utpal on 2012-10-05 01:19:16
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The significance of project procurement has been realized by the contractors...
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ENTERTAINMENT STYLE LIVING REGISTER LOGIN
International Business
Main Articles
Open Bids Fetch Competitive Procurement System
By Deepti Utpal on 2012-10-05 01:19:16
« PREV NEXT »
The significance of project procurement has been realized by the contractors till date.
Most of
the clients believe in getting work outsourced by perfectionists, hence, they issue tender for the
very purpose.
However, the nature of bidding or procurement system is varied and may have
different policies too.
On the one hand, some tenders implicate restricted access to the bidders
while others are open for every potential buyer.
Unsealed or open bid refers to a bidding
pattern which is intended to notify all the applicable buyers.
Moreover, the mechanism of this
procedure is often traditional, wherein, the awarding of project seems to be transparent.
With
the changing trends, the procurement procedures are being modified too.
When the goal has to be aimed at procuring the project, then, it becomes crucial
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