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Advertising Requirements for Quotations and Tenders
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Advertising Requirements for Quotations and Tenders

Created by
@ThrilledHeliotrope

Questions and Answers

Which factor determines the extent and nature of the advertisement when obtaining quotations and tenders from suppliers?

  • The value of the contract (correct)
  • The urgency of the contract
  • The resources available
  • The strategic importance of the contract

    • What is the purpose of advertising the requirements when obtaining quotations and tenders from suppliers?

  • To attract sufficient numbers of appropriate suppliers
  • To generate competition among potential suppliers
  • To ensure the organisation gets the best value for money
  • All of the above (correct)

    • Which of the following methods can be used for advertising requirements when resources are limited?

  • Business journals
  • Email solicitations (correct)
  • Professional magazines
  • Supplier websites

    • Which of the following is NOT a typical advertising requirement for procurement opportunities?

    <p>Clarity and Completeness</p> Signup and view all the answers

    What is the purpose of specifying the deadline for bid submission in the advertisement?

    <p>To give suppliers adequate time to prepare</p> Signup and view all the answers

    Why is it important to provide contact information in the advertisement?

    <p>To address supplier inquiries</p> Signup and view all the answers

    What role does the project description play in a procurement advertisement?

    <p>To clearly define the requirements</p> Signup and view all the answers

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