21 Jun 2025 0 112

A tender is a formal process of identifying and selecting qualified suppliers or contractors to submit their proposals for executing a specific project. The primary goal of the tendering process is to ensure fair and transparent competition and to achieve the best possible value for money. The process includes the announcement of the tender, publishing relevant documents and information, receiving bids, evaluating them, and selecting the final supplier or contractor.

The tendering process allows the issuing party to engage with a wide range of companies, suppliers, and contractors interested in executing the project. The tendering entity provides detailed documents and information related to project requirements—such as timelines, budget, specifications, and more. Applicants are expected to carefully study and analyze these documents before submitting their proposals.

Thanks to this process, the tendering entity receives a variety of bids and can compare them to select the most suitable one. The winning supplier or contractor is the one who best meets the predefined criteria and standards outlined in the contract. This ensures the tendering party obtains the best quality and value for the project.

Tendering is essential in both public and private sectors. It is widely used in executing public infrastructure projects, government initiatives, as well as private-sector projects. The tendering process promotes transparency, fairness, and encourages healthy competition in the market.

In essence, it is a process for listing and selecting qualified candidates to implement a specific project. The process involves announcing the opportunity, publishing related documents and project details, and then receiving bids from interested parties.

Objectives of the Tendering Process:

  • Ensure Fair Competition:
    By providing equal opportunities for all interested suppliers to submit their proposals and compete.

  • Achieve the Best Value for Money:
    Through analysis and evaluation of bids, the offer that provides the best balance of quality and cost is selected.

  • Ensure Transparency and Fairness:
    Project requirements and criteria are clearly defined, allowing all bidders to work based on the same information.

  • Guarantee Efficiency and Quality:
    By carefully evaluating the experience and capabilities of bidders, the most qualified supplier is selected to execute the project successfully.