A tenderer is a person or company who submits a bid or proposal in response to a request for tender (RFT). The purpose of a tenderer is to compete for a contract or project by offering their services, products, or solutions at a competitive price. Tenderers must carefully review the requirements of the RFT and ensure that their bid meets all the necessary criteria in order to be considered.
Tenderers play a crucial role in the procurement process, as they provide options for the buyer to choose from and help ensure that the best value for money is achieved. They are responsible for presenting their bid in a clear and professional manner, demonstrating their capabilities and expertise in delivering the required goods or services.
Being a tenderer requires strong communication skills, attention to detail, and the ability to work under pressure. It also involves conducting thorough research on the project or contract being tendered for, as well as understanding the needs and priorities of the buyer. Overall, tenderers play a vital role in the competitive bidding process and contribute to the successful execution of projects and contracts.