Tender Evaluation
/ˈtɛn.dɚ ˌɛ.vəˈluː.eɪ.ʃən/
Definitions
- (n.) The process of systematically reviewing and comparing bids submitted in response to a tender to determine the most compliant and advantageous offer.
The tender evaluation committee assessed each proposal for both price and quality.
Forms
- tender evaluation
Related terms
See also
Commentary
Tender evaluation requires clear criteria and transparency to ensure fairness and legality in procurement processes.
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