A tender is a formal offer made by a company or individual to provide goods, services, or construction work at a specified price. The tendering process is essential in government contracts, public sector projects, and private sector procurements. A well-prepared tender document ensures transparency, fairness, and competitiveness. Understanding the contents of a tender document is …
The controlling process is a crucial function in management, ensuring that actual performance aligns with planned objectives. However, deviations often occur due to internal and external factors. Analyzing these deviations helps businesses identify inefficiencies, improve decision-making, and enhance overall performance. This article explores the causes of deviations, their impact, and methods for effective analysis and …