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Answer :
Final answer:
Tendering in contract management is the process of inviting bids from potential suppliers or contractors to provide goods or services. The types of tendering techniques used in contracts include open tendering, selective tendering, negotiated tendering, and competitive dialogue.
Explanation:
Tendering in contract management is the process of inviting bids from potential suppliers or contractors to provide goods or services. It is an essential part of the procurement process and involves several steps to ensure transparency, fairness, and competition.
There are several types of tendering techniques used in contracts:
- Open Tendering: This is the most common technique where all interested suppliers or contractors are invited to submit bids. It allows for maximum competition and transparency.
- Selective Tendering: In this technique, a pre-qualified list of suppliers or contractors is invited to submit bids. It is used when the client wants to limit the number of bidders or when specialized expertise is required.
- Negotiated Tendering: This technique is used when the project is complex or requires specialized expertise. It involves direct negotiations with a selected supplier or contractor.
- Competitive Dialogue: This technique is used for complex projects where the client needs to engage in a dialogue with potential suppliers to develop the best solution. It allows for flexibility and innovation.
The choice of tendering technique depends on various factors such as the complexity of the project, the level of competition desired, and the urgency of the procurement.
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