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what are the adantages and disadvantages of open tendering?

Asked by: kelvin k 417 days ago - 1 Answers - 1953 views

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The major advantage of open tendering is initially keeping the bids, which include price and level of quality, in the auction a secret, but once all bids are placed, they are scrutinized publicly. This eliminates the possibility of a service provider offering their lowest possible price in an attempt to win the bid.

A major disadvantage is reducing the awareness of fellow competition between bidders. If the bids were placed publicly, you would likely be able to achieve a better price for the service provider, but you may sacrifice quality.

Answer by Rick 195 days ago

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