Explain Importance Ensuring Fair Ethical Bidding Procedures Advertisement Q34301607

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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