Open tenders are one of the most popular types of tenders, often used by government bodies and PSU units to procure goods and services from suppliers in a transparent manner. The purpose of using open tenders for procurement is to create competition and minimise discrimination. It also helps to create opportunities for emerging businesses to apply for new work. Let us take a look at what is the meaning of an open tender, its advantages, limitations, importance and role in the eTendering process.