Define open tendering.

Open tendering is a competitive procurement method where any interested supplier or contractor can submit a bid for the supply of goods, services, or construction works. The process is open to all qualified bidders and is typically advertised publicly to ensure transparency and fairness in the selection process. The bids are evaluated based on predetermined criteria, and the contract is awarded to the bidder who meets the requirements and offers the best value for money.

Open tendering is a procurement process in which an invitation to bid is published and potential suppliers are invited to submit bids. The bidding process is typically competitive, with suppliers submitting their best offers in terms of price, quality, and delivery time.

The main advantage of open tendering is that it promotes competition among suppliers, which can lead to lower prices and better quality products and services. Open tendering is also considered to be a more transparent process than other procurement methods, as all suppliers have an equal opportunity to participate and submit bids.

However, open tendering can also be a time-consuming and complex process. Suppliers may need to invest significant time and resources in preparing and submitting bids, and the evaluation process can be complex and lengthy. Additionally, open tendering can be vulnerable to corruption and collusion, as suppliers may collude to submit artificially high bids or to influence the evaluation process.

Open tendering is typically used for large and complex procurement projects, where it is important to ensure that all potential suppliers have an equal opportunity to participate and that the process is transparent and competitive.