Question
What is Specific purchase tender
Answers
GPT 3.5
A specific purchase tender is a procurement process by which a buyer requests bids from vendors for a particular product or service that the buyer needs to purchase. This type of tender is specific to a single purchase order or requirement, as opposed to a general tender which may encompass a variety of products or services. The buyer will typically outline the specifications, quantity, quality, delivery timeline, and other requirements for the desired product or service in the tender document. Vendors then submit their bids in response to the tender, and the buyer selects the best offer based on factors such as price, quality, and delivery terms.