An entity may engage in procurement by means of restricted tendering when:
- the subject matter of the procurement, by reason of its highly complex or specialized nature, is available only from a limited number of suppliers or contractors; or
- the time and cost required to examine and evaluate a large number of bids would be disproportionate to the value of the subject matter of the procurement.
- This format is for use in a formal open competitive process for the procurement of goods or construction where there is a need for irrevocable bids, typically supported by bid security, and price is the primary consideration. This format must include well-defined specifications, requirements and contract terms and conditions, as post-bid negotiations are typically not permitted.