Why are there tender notice advertisement and why are they held as such?

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Why are there tender notice advertisement and why are they held as such?

Post  andrew123 on Thu Jul 28, 2011 11:00 pm

The first reason is that it allow the contractor know that there is such a project going on so that those interested can go and tendered for the project.
The second reason is that there is transparency in going for the tender rather than award the job to a contractor without checking the price
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