What is the meaning of serial tendering?

Serial tendering refers to the process where a company or organization issues multiple tenders over a period of time for similar projects or services, often in succession. This approach allows the entity to evaluate different bids and select contractors based on performance, pricing, or evolving project needs. It can enhance competition and improve project outcomes by providing flexibility and opportunities for new bidders to participate. Additionally, serial tendering can help manage resources efficiently, adapting to changing requirements or market conditions.