SERVICE TENDERS

SHIVAJI (Querist) 20 May 2011 This query is : Resolved
Please advise :- What does re-tendering mean? Does re-tendering nullify the previous tender actions? Is it that in re-tendering the price mentioned in initial tender cannot be altered.

Follow Query

Report Abuse

R.Ramachandran (Expert) 20 May 2011
The moment re-tendering has been ordered, the entire old tendering process comes to an end.
Every one has to do things afresh with regard to the re-tender, as though this is the only tender ever issued for the work (completely forget everything about the old tender).

M.Sheik Mohammed Ali (Expert) 20 May 2011
the tender expect either amount or number of person attending the tender, same time the minimum amount is not alter, and initial amount also.

M/s. Y-not legal services (Expert) 21 May 2011
No. Re tender mean its can be altered anything from the earlier tender's norms..

Guest (Expert) 21 May 2011
Yes, i agree with the definition given by tom, advocate.
And investing point of view retender means The act of an investor selling the delivery note issued by a clearing house upon tender by the counter-party of the futures contract.

look at the link:http://www.investopedia.com/terms/r/retender.asp

M/s. Y-not legal services (Expert) 22 May 2011
Thank you mr.kushan

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries