What is tender fee in SAP PSM-GPR - Procurement for Public Sector?

SAP Term: tender fee

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: A fee paid by potential suppliers to a purchasing organization for receiving or downloading an RFx document in order to proceed in a procurement process.

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• Key Concepts: 
  Tender fee is a fee charged by a public sector organization to cover the costs associated with the procurement process. This fee is typically charged when a public sector organization is looking to purchase goods or services from an external supplier. The fee is usually based on the value of the goods or services being procured. 
  
  How to use it: 
  In SAP PSM-GPR Procurement for Public Sector, tender fees are managed through the Tender Fee Management (TFM) module. This module allows users to set up and manage tender fees for each procurement process. The TFM module also allows users to track and monitor the payment of tender fees. 
  
  Tips & Tricks: 
  When setting up tender fees in SAP PSM-GPR Procurement for Public Sector, it is important to ensure that the fees are set up correctly and accurately. This will help ensure that the organization is not overpaying for goods or services and that all associated costs are accounted for. 
  
  Related Information: 
  For more information on SAP PSM-GPR Procurement for Public Sector, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to use this module and manage tender fees.