Tenders (Soft)
Tenders (Soft) refer to a type of procurement process where organizations invite bids for goods or services. This method is often used in public sector projects, allowing various suppliers to submit their proposals. The goal is to ensure transparency and fairness while selecting the best offer based on criteria like price, quality, and delivery time.
In a soft tender process, the emphasis is on collaboration and flexibility. Suppliers may be encouraged to provide innovative solutions or alternatives, fostering a more dynamic exchange. This approach can lead to better outcomes for projects, as it allows for a wider range of ideas and expertise from different vendors or contractors.