Tender notice ads are placed by organisations for quotations for price quotations for materials and/or services the services from contractors like raw material suppliers, builders, property dealers and the like. These prospective suppliers are required to provide competitive rates in quotations leaving the selection for suitability for a particular task to be decided by the advertiser. Tender ads are often put out by government undertakings infrastructural development by building roads, power plants, public buildings, reservoirs and much else.
Tender notice ads are usually newspaper display advertisements such as a Times of India display advertisement for tender notice are ads by prospective buyers of the goods and services offered by specific contractors. They can be direct invitations for certain contractors who can register their quotations solely because they have been asked to do so. In such cases, the tender ads are called ‘closed tenders’ but those ads for which any contractor can participate are called ‘open tenders’. Tender notice ads are also a kind of bidding for either delivering or obtaining the services of a specific service provider or contractor.
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