Answer :
One of the reasons why Competitive bidding is not used is that it is a time-consuming process.
Competitive bidding is a good way of narrowing down the list of potential suppliers and it's mainly used when the most important factor is the price. Competitive bidding helps the buyers get the best price and contract terms for their proposals. It allows them to get the most qualified sellers of products and services while keeping costs low. They also get to work with sellers with a history of achievements and that are qualified to deliver specialized services. Competitive bidding is a common procurement practice that involves inviting multiple vendors or service providers to submit offers for any particular material or service. Both public and private organizations often rely upon a competitive bidding process to achieve better value for money in their procurement activities.
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