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what is the difference between these two procurement method; open international competitive bidding and negotiating with reputable companies. Also...

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General Management

what is the difference between these two procurementmethod; open international competitive bidding and negotiatingwith
reputable companies.
Also their advantages and disadvantages

Answer & Explanation Solved by verified expert
3.8 Ratings (719 Votes)
Differences The open international competitive bidding is the procurement method in which the procurement entity internationally advertises their requirement for goods Contract is awarded to the bidder that has the best bids and the best contract terms In an open international competitive bidding the procurement    See Answer
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