NIT is the abbreviation of-
-
A.
Notice Inviting Trading
-
B.
Notice Inviting Tender
-
C.
Notice Inviting Training
-
D.
Notice Inviting Transaction
Correct Answer:
B. Notice Inviting Tender
Explanation:
In the context of procurement and government projects, NIT stands for Notice Inviting Tender. It is a formal announcement used by organizations to invite bids from interested contractors or suppliers for specific works or goods. This process ensures transparency and allows the organization to select the most cost-effective and suitable proposal through competitive bidding. Other options like Notice Inviting Trading or Training are incorrect as they do not represent the standard terminology used in official tendering processes.
Click below to open Discussion & Feedback
0 Issues
Please
login to comment or Report Issues.