Wednesday, March 28, 2018

12-Tender Management Process

What is a Tender Management Process? : A Tender Management Process (or "Invitation to Tender" process) is a method by which suppliers are selected for the provision of products and services to an organization. The process involves creating a suite of Tender Documents to manage the supplier selection process. The Tender Documents help the organization to select the best possible supplier available, and include documents such as the "Statement of Work", "Request for information" and "Request for Proposal".

When do I use a Tender Process? : If you want to appoint an external supplier, then you need to document a formal Invitation to Tender Process. By using a formal tender process, you can show that the preferred supplier was selected fairly. This Tender Process includes all of the steps needed to select and contract external suppliers, quickly and efficiently.

The Tender Management Process will also help you to:

  • Define the roles of staff involved in the Invitation to Tender
  • Evaluate and prioritize the supplier's proposals
  • Monitor and control supplier relationships