How is the tendering process typically initiated?

The tendering process is typically initiated by issuing a public advertisement for bids. This approach ensures transparency and competitiveness in the procurement process. By advertising publicly, organizations invite a wide range of contractors to submit their proposals, thus fostering an open marketplace and enabling them to compare various bids effectively.

The public advertisement serves crucial purposes: it helps to attract a diverse pool of qualified contractors, promotes fairness by offering the same opportunity to all interested parties, and sets a clear stage for the requirements and expectations of the project. This method aligns with best practices in procurement, ensuring compliance with legal and ethical standards.

Engaging in informal discussions, contacting contractors directly, or sending invitations to selected ones may limit the pool of participants and can create biases, leading to potential conflicts of interest or perceptions of unfairness. Therefore, issuing a public advertisement is the most recognized and widely accepted approach to commence the tendering process in a professional setting.