tendering – AK Logistics and Supply Chain

Tender Types and Procedures

Before a tender is prepared and released to prospective suppliers the purchasing company will need to decide on the type of tender procedure they wish to use. The tender procedure used will define the interaction with any prospective suppliers and how these suppliers will submit their tender contract application. Each procedure has its advantages and disadvantagesContinue reading “Tender Types and Procedures”

The Five Main Tender Principles

Tendering is the process of enabling prospective suppliers to bid and compete for a specific purchase or service requirement for your company. The tender document outlines the specific requirement and the whole process filters prospective suppliers to determine the most suitable to fulfil the requirement. There are five main ethical and legal principles that mustContinue reading “The Five Main Tender Principles”