A company put a job out to tender.The tendering process requires the company to follow certain rules typically associated with this process.Which of the following is most likely not a requirement in a tendering process?
A)The company must disclose all relevant information affecting the project.
B)The company must accept only bids that comply with the terms of the tender.
C)The company must accept the lowest bid price.
D)The company must not accept bids after the specified closing date.
E)The company must treat all parties equally and in good faith.

Question

Quizplus · Accepted Answer

The tendering process typically does not require the company to accept the lowest bid price. While price may be a factor in the decision-making process, the company may choose the bid that offers the best overall value or meets the project requirements most effectively.

A Company Put a Job Out to Tender