Understanding Tendering Procedures for your CIPS Procurement Exams

Tendering is a formal competitive bidding process designed to extract the maximum value from a supply market. The CIPS qualifications requires you to understand three different types of tender process. Here, author and Cordie director Ian Thompson FCIPS explains more about tendering and the three common tendering procedures. This is a generic overview that provides excellent revision material for your CIPS Level 4 Diploma in Procurement & Supply exams! Cordie is a leading CIPS Centre of Excellence offering in-depth interactive study sessions, supported with comprehensive eLearning. You can find out more at: https://www.cordie.co.uk #CIPS #procurement #tendering #tenders #sourcing #publicprocurement ‪@Cordie_A1‬