Explain the importance of ensuring fair and ethical biddingprocedures during an advertisement.
Expert Answer
Answer : It is veryimportant to have a fair and ethical bidding procedures during anadvertisement since
- The suppliers should carry thetrust with the organization.
- It will help to get the fair pricefrom the market thus benefiting the company.
- The contractor while going throughthe advertisement should be able to understand the exact need ofthe product and thus giving the right quotation.
- If fair and ethical biddingprocedures are not followed there might be a possibility that thesupplier might turn up in future needs.
- There should not be monopoly
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