Post Tender Negotiation (Ptn)

In business, PTN is short for post-tender negotiation and refers to the process of negotiating with suppliers after the tender process has been completed. The aim of PTN is to improve the terms of the contract in order to get a better deal for the buyer.

There are many different ways to approach PTN, but the most important thing is to be clear about what you want to achieve. You also need to be aware of the risks involved in PTN, as it can lead to delays in the project and increase costs.

When approached correctly, PTN can be a very effective way to improve your chances of getting a better deal from suppliers. However, it is important to remember that not all suppliers will be willing to negotiate, so you need to be prepared for this possibility.