open tender |
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Definition
Bidding process that is open to all qualified bidders and where the sealed bids are opened usually in public for scrutiny and are chosen on the basis of price and quality. Also called competitive tender or public tender.
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open tender is in the Agreements & Contracts and Purchasing & Procurement subjects.
open tender appears in the definitions of the following terms: competitive tender and public tender
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http://www.businessdictionary.com/definition/open-tender.html







