After watching some highlights on TV of the stories of extensive tender corruption coming out at the Zondo Commission in South Africa, you have developed a negative attitude towards tenders in general. However, your manager has persuaded you that there are times when the company doesn't have the necessary expertise and equipment to perform a critical function, so tenders are necessary under those circumstances, and can even be good for the company if managed without corruption. Task:

1. Define both tender management and contract management;

2. Explain how they are separate but linked processes; and

3. Recommend at least three ways in which you can reasonably manage the risks associated with issuing a tender.

After watching some highlights on TV of the stories of extensive tender corruption coming out at the Zondo Commission in South Africa, you have developed a negative attitude towards tenders in general. However, your manager has persuaded you that there are times when the company doesn't have the necessary expertise and equipment to perform a critical function, so tenders are necessary under those circumstances, and can even be good for the company if managed without corruption. Task: 1. Define both tender management and contract management; 2. Explain how they are separate but linked processes; and 3. Recommend at least three ways in which you can reasonably manage the risks associated with issuing a tender