Tender Awards

When a company or department floats a tender, it passes through various stages. Many potential bidders participate in the tender process. Not all of these bidders are awarded the tender but only the best competitive bidder fulfilling all the norms is awarded the tender. This can also be read as confer of tender.

Many bidders participate in the tender process but only one and the most competitive is awarded with the tender. In such circumstances, other potentials bidders deprived of the tender collect the details of the bidder who has been awarded the tender. This helps them to prepare themselves for next projects, compare their business with others and become more competitive. If competence is not ensured, growth cannot be ensured.