What are the advantagWhat are the advantages and disadvantages of negotiated tender es and disadvantages of negotiated tendering?

Negotiated tendering offers several advantages, including faster project delivery due to streamlined decision-making and the ability to establish a collaborative relationship between the client and contractor, which can enhance communication and project outcomes. However, disadvantages include the potential for reduced competition, which may lead to higher costs, and a lack of transparency that can raise concerns about fairness in the selection process. Additionally, the informal nature of negotiations might result in unclear terms and expectations if not managed properly.