The tender process involves several key steps:
1. Identification of Needs: Determine the specific requirements.
2. Preparation of Tender Documents: Create documents outlining specifications, evaluation criteria, and terms.
3. Advertisement: Publicly announce the tender to attract bidders.
4. Submission of Bids: Suppliers submit their proposals.
5. Evaluation: Assess bids based on price, quality, and other criteria.
6. Selection: Choose the best bid and award the contract.
7. Contract Execution: Finalize the agreement with the selected supplier.
These steps ensure a structured and fair procurement process.