Why is competitive bidding an important factor in major purchase decisions such as vehicles for a...
Why is competitive bidding an important factor in
major purchase decisions such as vehicles for a police force, the
construction of a bridge, or the manufacture of military
uniforms?
Homework Answers
Competitive bidding is a process of issuing public bid. It is important as:
- It helps to build open and transparent environment
- It gives fair opportunity for all the people
- It helps to get best proposal for the project in terms of Cost and Quality
- It increases competition there by reducing overall cost involved in the project or purchase
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Why is competitive bidding an important factor in
major purchase decisions such as vehicles for a...
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