What are bidding and competitive bidding?

Invitationtotender means that the tenderee (buyer) issues a tender notice or tender sheet in advance, puts forward the name and parts of the goods to be purchased at the specified time and place according to the variety, quantity and relevant trading conditions, and invites bidders (sellers) to participate in the bidding.

Bidding is based on the traditional bidding method, that is, the seller sells the goods to the highest bidder. There should be three or more valid bidders. Bidding shall be conducted under fair and just conditions. Because only in the case of fairness and justice can advertisers have a more objective understanding of advertising companies and judge which advertising company is more suitable for them.

Bidding is also called bidding for short. Bidding is a kind of commodity trading behavior and two aspects of the trading process. Bidding is an international practice, a product of the high development of commodity economy, and an organized way to choose the best transaction by using technology, economic means and market economy competition mechanism.

Extended data:

Generally not suitable for public bidding projects are:

(1) The technical requirements of bidding procurement are highly complex or specialized, and can only be completed by a few units;

(2) The bid price is low, so as to improve the efficiency and reduce the cost;

(3) There are other reasons why public bidding is not appropriate.

Supplement: There is a third commonly used bidding method in the world: negotiation.

Bidding negotiation is also called non-competitive bidding or designated bidding. In this way, the owner invites one contractor and no more than two contractors to negotiate directly. It is actually a form of contract negotiation. This method is suitable for projects with low construction cost, tight construction period, strong professionalism or military secrecy. Its advantages are that it can save time, reach an agreement easily and start work quickly. The disadvantage is that you can't get a competitive offer.

References:

Baidu encyclopedia-bidding