What is a key characteristic of a Restricted Tender?

A key characteristic of a Restricted Tender is that it is limited to a select list of qualified bidders. This procurement method is typically used when the buyer wants to ensure that only those suppliers who meet specific qualifications or criteria can submit bids. By restricting the tendering process to a pre-qualified list, the buyer can maintain a certain quality level and ensure that the bidders have the necessary experience, capability, and resources to fulfill the contract. This approach also helps in streamlining the evaluation process and reduces the likelihood of receiving proposals from suppliers who may not be able to meet the project's requirements.

In contrast, other options describe different types of tendering processes that do not align with the restricted nature of this method. For example, open tenders allow any supplier to participate, which is opposite to the select nature of a restricted tender. Options about tending to single suppliers or being designed for low-risk purchases do not convey the defining trait of restricting participation based on qualifications.