The finance industry is completely based on several rules and regulations, and they must adhere to certain norms. You’ll be expected to follow a particular process so as to achieve a deal, which includes the submission of tender. Basically, tender submission is made by the prospective supplier as a response to an invitation. Tender is submitted to make an offer for the supply of goods and services. An invitation to Legal aid tender may be issued for a variety of contracts, which might include main construction contract (probably including the contractor’s design), equipment supply, enabling work, demolition, etc.
But, before you submit the tender you need to cautiously evaluate it. So, why is tender evaluation important? Typically, the purpose of evaluating tender is to find out which bid could offer the best value for money- that is the most economically beneficial proposal or tender. There are criteria that are prescribed in the invitation to tender and on that basis you need to evaluate and make a buying decision.
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