CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

A limited tender notice means ______.

A
Open for all
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Open for registered parties
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Often for limited people
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
None of the above
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Open for registered parties

Limited tender
procurement involves an entity approaching one or more potential suppliers of its choice, to make submissions, such as quotes or tenders, to provide goods or services.
Restricted tendering is a procurement method that limits the request for tenders to a select number of suppliers, contractors or service providers. This method of procurement is also called: Limited Bidding and Selective Tendering.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction to Cash Flow Statement
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon