![]() ![]() The first one is the massive amount of time and money involved in preparing the tendering documents. Gaining work through tendering does have costs, though. ![]() ![]() Winning a large tender can be a 'company maker'. For example, tendering for the National Broadband Network rollout involved over $40 billion over 15 years. Tendering, and winning the contract, is attractive for companies as contracts put out for tender are generally large, and they provide reliable work and income for the winner for many years. Governments are heavily into tendering out their projects as this ensures that the awarding of contracts is fair and free from bribery and nepotism and that no parties have the unfair advantage of separate, prior, closed-door negotiations for the agreement. Tendering occurs in all parts of a business but is most familiar with government projects, construction, utilities, and infrastructure. Tendering is the process of choosing the best or cheapest company to supply goods or do a job by asking several companies to make offers for providing the products or doing the work. ![]()
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