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Please Explain International Tendering? How bidding for international contracts?

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/09/17
Nasir Hussain
by Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

Good Day!!!

I am not good at this........... Agreed to Mr. Jetley

 

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

International tendering is a process in which the tender emits an International Invitation to Bid (ITB). ITB is an written act through which the tender express a need of a specific request (for instance international law consultancy service). The tender will explicit the scope of work, the objective of work and the terms and conditions of the ITB. The ITB is then published internationally, so that interested bidders can submit a proposal. Thus International tendering is a particular form that helps matching buyers and suppliers on a specific field of expertise.

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