Competitive Tendering Flashcards
1
Q
What is competitive tendering usually used in place of?
A
privatisation
2
Q
What is competitive tendering?
A
when the government outsources specific job contracts to the private sector
3
Q
How does competitive tendering work?
A
private sector firms bid to win contract
offer best deal - highest quality and lowest price to win contract
4
Q
Why is competitive tendering good for the government?
A
it ensures they get the highest quality and lowest cost, as firms bid
