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    What is the process through which the government and financial institutions put forward invitation bids for large projects?
    Question

    What is the process through which the government and financial institutions put forward invitation bids for large projects?

    A.

    Tendering

    B.

    Requisition

    C.

    Procurement

    D.

    Cost analysis

    Correct option is A

    Tendering is the process through which government bodies and financial institutions invite bids from contractors and vendors for large projects. This ensures transparency, competition, and fairness in the awarding of contracts.
    Explanation of options: (a) ✔ Correct. Tendering is the formal process for inviting bids for large-scale projects. (b) ✘ Incorrect. Requisition refers to the formal request for goods or services but not the bidding process. (c) ✘ Incorrect. Procurement is the overall process of acquiring goods and services, but tendering is the specific step for inviting bids. (d) ✘ Incorrect. Cost analysis is an evaluation of costs but not a bidding process.

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