7 Disadvantages of Competitive Bidding
The bidding process can be very tedious sometimes. Here are some of the disadvantages of the bidding process.
1. Leading suppliers may not tender
In Australia, for example, government procurement guidelines only allow suppliers who actually tender to be considered for a procurement decision. If the leading supplier or suppliers do not tender, the purchaser can only consider bids from suppliers who do tender. If leading suppliers are not considered, the purchaser may end up buying inferior product or service... Read More