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What Is an Invitation to Tender in Project Management?
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What Is an Invitation to Tender in Project Management?
Projects that employ contractors or work with suppliers and service providers need to manage their procurement process. This is usually started by an invitation to tender that the organization initiating the project will send out. Why do they send an invitation to tender, what is it and who uses it? We will answer those questions below. We’ll also outline what goes into a thorough invitation to tender and then illustrate the process with an exam…
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