What is the difference between limited and open tender?

Question

Accepted Answer

Limited tender is restricted to a select group of suppliers, while open tender is open to all interested suppliers.

Limited tender is used when the buyer has pre-selected a few suppliers based on specific criteria.
Open tender allows any interested supplier to submit a bid.
Limited tender is often used for high-value or complex projects.
Open tender promotes competition and transparency.
Limited tender may require suppliers to be pre-qualified.
Open tender may attract a larger number of bids.

Accepted Answer

Limited Tender : This type of tender is addressed to a limited number of suppliers, who are the reliable source of supply. c.) Open Tender : is open to all the suppliers within the country who can supply the required quantity and quality of materials. Such invitation is made by advertising in newspapers, journals etc

What is the difference between limited and open tender?

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