Closed Tender definition
Closed Tender means and refers to a tender or selection process where the contracting authority pre-qualifies and/or selects the tenderer(s) permitted to participate by notice and without advertising the tender openly;
Closed Tender means the tender procedure in which only the economic entities – minimum two (2), who have been invited by the Company, submit a tender.
Closed Tender means a procedure for inviting a select number of Tenderers and the tender opportunity not advertised
More Definitions of Closed Tender
Closed Tender means and refers to a tender or selection process where the contracting authority
Closed Tender means the procedure followed whereby the nature of the Goods or Services required is such that a public tender process is not feasible, due to limited number of suppliers being available or due to proprietary issues or determined as such at Neotel’s sole discretion;