E-tender Bidding Support Services in India

What do you understand by e-tendering?

To know more about e-tendering one should first get idea about what is tender? In simple words tender is an offer to carry out various predetermined tasks or to provide goods at a particular value in the predetermined time frame.

To initiate the process bids are invited from the contractors. All the offerings in the bids are time bound that means the project must be furnished within a certain time period.

In India to make tendering process fair and without any prejudice e tendering is performed by various government departments as well as other private companies. By utilizing e-tendering process one can decide which tender should be accepted at the best price and best quality.

Once tender is accepted it is mandatory to finish the said task within given time frame without fail.

Goods and services must be provided according to the tender offerings.

Let’s get more clear by understanding the types of e-tendering:

E-procurement software is a blessing for private as well as government institutes as it simplifies the complex process of tendering. Before initialization of tendering process the team must ensure that all the documents are ready and approved by authority. Another important part of tendering is to arrange finance. The nature of content and demand of construction will decide which type of tendering is suitable for different tenders.

For government projects it is observed that open tenders are highly in demand that is because government department demands fair practice.

1. Open tendering:

It is generally performed by both government as well as private entities. In this type advertisement in local newspaper with the proposed works and required information is given.

Different contractors are requested to submit their bids or offers.

2. Selective tendering:

To mitigate some loopholes of open tendering this tendering method is used. In this a small number of contractors are shortlisted and invited to submit tenders. Here contractors with required experience are given preference. For the parties involved in tendering this tendering proved a big relief.

3. Negotiation tendering:

In the construction industry and engineering field this tendering is highly in demand. Pre contract and post contract negotiations are involved in this type of tendering.

4. Term Tendering:

Some projects demand more maintenance and here contractors will cover different locations. Contractor may get extended work but within the time limit.

Following are the steps involved in e-tendering process:

1. Determination of tender bidding process
2. Tender request preparation
3. Invitation of tenders
4. Various responses of suppliers
5. Analysis and selection
6. Intimation and explanation
7. Management of contracts

To know more about the tender bidding support services have a look to our website.

have various types of the e-tendering process only. Thus E-tendering has its own value in the world of the tendering process. To know more about Tender Bidding visit our website.

Both governments and private institutes generally accept the open tendering process. In the open tendering, the open word itself describes the meaning. Open means it is available for all who want to apply and finish the task with the quality and desired bid price. The government department or other private companies will publish the task requirements in a local advertisement. Through which they will gather the number of contractors or providers for their task. Contractors must submit their bids or offers as per the needs prescribed in the company's advertisement.

The Tenders We Track tenders from all countries, segregate them and send the information on the emails of our valuable clients, enabling them save time.