All tenders received for the same contract are opened by the competent authority in person at the advertised time and place in the presence of ________.

Question

Question

This question was previously asked in

SSC JE Electrical 16 Nov 2022 Shift 3 Official Paper

Answer 1

The correct answer is option 1): (either agents or contractors)

Concept:

A tender is an offer or invitation to bid for a project or to accept a formal offer such as a takeover bid.
This term usually refers to the process through which the government and financial institutions put forward invitation bids for large projects.
These bids are to be submitted within a given deadline.
Another application of the term tender or tendering is when shareholders submit their shares or securities in response to a takeover offer.
All tenders received for the same contract are opened by the competent authority in person at the advertised time and place in the presence of either agents or contractors