As an instance, it pointed that a ‘Tender’ is taken to mean ‘Tender document’ or ‘Tender Process’ as well as the ‘Bid’ submitted by the prospective suppliers.
“Similarly, participants in the Tender are called tenderers and bidders. This duality is reflected in ‘Notices inviting Tenders’ and ‘Instructions to Bidders, and so on,” the note reviewed by The Hindu points out.
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Unknown titlea and a mix of American, European and Indian nomenclature has become common,” the department pointed out in an introduction to the 130-odd page document for inviting bids for official supplies. <span>As an instance, it pointed that a ‘Tender’ is taken to mean ‘Tender document’ or ‘Tender Process’ as well as the ‘Bid’ submitted by the prospective suppliers. “Similarly, participants in the Tender are called tenderers and bidders. This duality is reflected in ‘Notices inviting Tenders’ and ‘Instructions to Bidders, and so on,” the note reviewed by The Hindu points out. The standard bidding document developed now, seeks to ease out this duality by mooting that the ‘Tender’ should refer to the tender document and process, while the term ‘Bid’ shall refe Summary
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