Familiarize Yourself with the Fundamentals of Tendering Process

Most small and medium-sized enterprises look for private and government sector contracts to expand their ongoing operations and increase revenue. Tendering is basically a process of expressing interest in response to a request for tender. The organization who floats tenders seeks a response from other businesses to address a particular need, such as accomplishment of different projects in a distinct domain like construction, electrical, etc. The company will later select the offer that best meets its needs and provides value for money.

How do you bid for a tender?

Once the Bihar Tenders are issued, the interested companies will then prepare an application to bid for it. The documents provided along with the application will outline the offer and includes pricing, schedules as well as their eligibility for the project. Also, the bidding company needs to highlight its experience, competencies and qualifications required for the project. The submitted tenders are later evaluated on the basis of the defined criteria.

A lucrative tender provides small businesses the first step towards sustainability. Also, it could be a valuable reference and may help businesses secure contracts both in the private sector and overseas. The experience gained in the process will turn out to be a strong selling point and provides a reliable source of business.

But before getting involved in any of the Bihar Tenders, it is important to understand the business suitability for the project. Prior to bidding, the company must have a fair picture of whether it will be able to manage and complete the contract in case it wins. Understanding these points, offering a competitive bid and demonstrating that you are capable of meeting the criteria are some of the aspects that will increase your chances of success.

New Projects in Bihar and The Process of Submitting Tenders

Despite the fact that Bihar is counted among the most backward states in India, it has made rapid strides towards economic development and progress in recent years. The government has launched several infrastructure and power projects to improve the standard of living of the people. While the work on some of these projects has already started, many others are slated to be launched soon.

New Projects in Bihar:

• Gayatri Projects Ltd., A Hyderabad-based construction company, has recently secured a highway project in Bihar worth Rs. 926 crores. The project will involve four-laning of Gaya-Hisua-Rajgir-Nalanda-Biharsharif section of NH-82 in Bihar. It will be funded by Japan International Cooperation Agency (JICA).
• The government has recently approved the construction of a 22 km long road between Sahibganj (Jharkhand) and Manihari (Bihar). This road link will not just reduce the travel time between Jharkhand and Bihar but will improve the connectivity with north-eastern states. Under this project, a bridge will also be built over the Ganga River.
• A 2539 km long gas pipeline project from Jagdishpur in Uttar Pradesh to Haldia in West Bengal is another major project that will be executed by GAIL. A major part of this pipeline will pass through Bihar. It’s a 13,000 crore pipeline project that will be completed by 2020.

Apart from the above-mentioned major projects, there are many other projects that have been announced by the government recently. The completion of these projects in the coming years is expected to have a positive impact on the economy of the state of Bihar.

As is the case in other parts of India, the tendering process is an integral part of all major projects in Bihar. To complete these projects successfully, the government and private companies need raw materials and several other types of equipment. They release tenders to select the best suppliers of raw materials and other equipment.

Tendering Process in Bihar:

Bihar tenders provide excellent business opportunities to suppliers and small businesses. The companies have to place bids for tenders. The company with the most competitive bid and a proven track record stands a better chance to win the tender.

The process of tendering in Bihar starts with identifying the right tenders. The suppliers have to submit their bids within the specified time after the tender is released. Therefore, it is important for suppliers to keep a track of the upcoming tenders. This will ensure that they don’t miss out on a profitable business opportunity.

However, for most suppliers, collecting Bihar tenders information from different sources can be a difficult and time-consuming task. This is where the tender information websites can prove to be very useful. These websites provide all tender-related information including the last date for submitting bids and tender value.

With several upcoming projects, Bihar offers excellent opportunities to businesses to make profitable investments. Infrastructure, power, construction, IT, Telecom, Safety & Security and Medical Equipment are some of the major sectors that offer numerous business opportunities.

6 Ways to Avoid Common Tendering Errors in Businesses

A lot of businesses find problems when it’s about finding a tender before it reaches its deadline. However, much has been changed in the last few years and tender information is no more confined to newspapers and magazines. One can easily find about the tenders, right from their launch to requirements to their deadline online. Some of the websites act as a detailed directory for tenders and list down all the tenders that are currently running; be it an Indian tender, a global tender or tender being launched for any sector like construction, power, etc.

Finding about power sector tenders is not where the work ends. Instead, the actual responsibility of businesses starts from here. Writing a good tender or request for proposal is one thing that matters a lot. However, when undertaking this task a lot of businesses are seen committing certain mistakes.

Few of these common errors are listed below:

1. Following an Incorrect Formatting and Presentation: Generally, businesses overlook the style of presentation when submitting an effective tender proposal, which is considered to be a big mistake. Following incorrect format can even lead the proposal to get strike out from the list.

2. Lack of Understanding About Customer’s Business: In the tender request, businesses need to demonstrate the problems a customer is facing and what they are trying to achieve. Writing generic submissions that don’t show any understanding about customer’s business is a big no.

3. Incorrect Assumptions or Unanswered Questions: Properly understand what the question means than assuming it all by yourself. This way, you will be able to answer what is asked; instead of what you perceive. Whenever in doubt, clear your queries with the customer. Besides, make sure you answer all the questions without being missing on any.

4. Providing Incomplete Information: Go through your power sector tender proposal repeatedly so as to not miss any information. Provide all the information about your business, number of resources you will be using to complete the tender, etc. Also, make sure you submit enough number of bidding copies.

5. Incorrect Cost Schedules: When submitting a tender proposal, you generally need to complete a pricing template. This makes various submission comparisons easier for the buyer. If you make a mistake in setting the template, your prices may not be accepted or marked correctly.

6. Offering Late Submissions: Focus on the deadline, right from the very beginning. This way, you will be able to submit the tender proposal much before the deadline. Avoid waiting for the last date of submissions. Late submission may disqualify your candidature.

Avoiding these above mentioned mistakes along with keeping some tendering aspects in mind can increases your chances of winning power sector tenders. Try to show a professional image when writing a tender proposal. Also, list some information about your company and business. Besides, it is important to make your submission relevant. This way, you will be able to form an effective tender proposal and might change the buyer’s decision in your favor.

Visit Tender Detail and Get all the Information on CPWD Tenders

It will not be wrong to say that physical infrastructure needs to be maintained from time to time; otherwise it will not be able to perform its functions properly for which it is set. Be it a government building or a street light, it is necessary to get it repaired and maintained once in a year. For such tasks, various departments or companies, both private and government, issue tenders. CPWD tenders are one such tender that government issues from time to time. Maintenance of public buildings and roads, repairing for street lights are some of the work that such type of tenders need.

Getting information of such type of tenders sometimes becomes a tough task. Newspapers and magazines do carry detail about tenders. However, you are not able to know information on all of them. There are many private tenders that are not listed in newspapers and magazines. But there is still a way from where you can know about tenders every time they are launched. 

Tender detail is an online portal that enlists all the information on tenders. Keeping a track on this portal will benefit you in the following ways:

• This online portal focuses on all type of tenders which means you will not skip on any detail about tenders from now on. Be it state tenders, CPWD tenders, private tenders or tenders from around the world, you can easily grab information on any of them from here.
• Once you get to know about the tender launched by a department or authority, you can contact them from the information given on Tender Detail portal for further queries. This will save your time that you will otherwise spend in searching for the company’s contact details.
• Tender Detail updates the tenders from time to time. As soon as a tender is launched, you can spot it on this online portal. This will help businesses not to miss on any tender and expand their business by taking one.

Knowing about tenders was never so easy. But with Tender Detail, no information about tenders will now be missed. Once you know which department has launched the tender, you can contact them personally and know their requirements and work to be done. Make sure you constantly visit this online portal and get aware about all the tenders. This will help you to submit the tender application on time.

Tender Detail – A Complete Directory for all Indian Government Tenders

Undoubtedly, taking up a tender is one of the smartest ways to expand your business and earn great profits. But have you ever wondered how difficult it can be to find about a tender that can prove to be highly beneficial for your business? Most of the times many of us skip on important tenders, either we came to know about them once the application date is gone or we leave them unnoticed. Providing effective measures to this problem of yours, here comes Tender Detail, an online directory that can help you with all types of tenders. It keeps a close check on different tenders issued by both public sector as well as private organizations.

Scroll down to know some more benefits of Tender Detail:

1. It is a complete director for tenders and doesn’t let you skip on any tenders. You don’t have to go through daily newspapers or weekly magazines to find about the right tender. Simply accessing internet from your home can now give you all the information about such tenders.

2. Be it Indian government tenders or tenders issues by some private organization, you can easily get to know about the same from Tender Detail. Right from company’s details to tender information, you can get yourself aware from here.

3. From newspapers and magazines, you can know about Indian tenders only, whether government or private. But Tender Detail offers a much detailed scope for companies. If you want to have a good deal for your business, you can take up overseas tender as well, about which you can get details from Tender Detail website.

4. Another benefit of getting information from Tender Detail is that you don’t have to spend a single penny over the same. This online tender directory is accessible absolutely for free. You can directly visit its website, select the category and choose the organization with which you want to have a business deal.

With so many aforementioned benefits, you can certainly find a good tender to increase your business profits. However, you must research about the organization and should have complete information about the tender before you start working on it. Directly contacting the company directly is considered to be a good move. You can ask their requirement and what exactly they want in the tender. This way, you will be able to complete the project by your hand with much accuracy and effectiveness.

A Basic Guide for Government Tenders in Delhi

Investing in a government tender in Delhi and winning it is one of the most feasible ways to have your business grow and expand. Tenders form up the best way to invite potential businesses for the execution and completion of various kinds of government projects. Right from the construction of infrastructure to some electricity project, development is the need of the hour. This is why authorities issue government tenders in Delhi and accept invitations for the same. They set a certain criterion to qualify for the tender and the organization which wins it needs to complete the task within the preset time period, while also abiding by all the mentioned conditions.

For a potential business which intends to invest in one of these online government tenders in Delhi, there are a number of platforms to gain information about the same. Some of them are:

1. A number of websites list details information about all kinds of tenders. Be it a government tender or a private one, or the one which belongs to a company within the nation or outside your residing nation, you can get all the information about the same from these sources.

2. Newspapers, whether daily, weekly, monthly or specifically meant for business, are another way to know when a government tender in Delhi is going to be launched.

3. You can also get details about several tenders from leading magazines (either related to news or business) of the country. 

No matter from where you get to know about the tenders, it is important to gather complete information about the same before submitting your bidding application. Once you are sure about their requirements, products and services to offer, given time to complete the tender, finances you require and the number of resources you need, only then you must start filling your application accordingly. If you fail to match any of these requirements, give one more thought to your decision prior to participating in the bidding process.

Not fulfilling any of the tender requirements will take the project from your hands, while also leaving you with a bad reputation in the market. So you must make sure to pick only the ones which you can actually fulfill with complete confidence.

Rajasthan Tenders That Have Contributed in the Development of the State

Rajasthan has always been known for its cultural roots. However, over the past few years, there have been many other projects as well that have led to rise in popularity of the state. These include real estate projects, energy projects, water projects and many more, the contracts for most of which are often given away through tenders.

RIICO (Rajasthan Industrial Development and Investment Corporation) has been playing a major role in the industrial development that is going around Rajasthan. This has resulted in boosting the number of government and private tenders that currently are listed in the industry. There are a few online portals from where you can find all the information you require about these Rajasthan tenders. These online portals cover a huge radius of tenders such as construction tenders, IT and Telecom tenders, power sector tenders, Auction tenders, medical equipment tenders, and more. 

Listed below are few of the common tenders in Rajasthan:

1. IT Tenders: The commercialization in Rajasthan has led to roll out of IT tenders such as demand for computer accessories, computer printers, media storage devices, computers, tenders for software which are authentic, punch cards, smartcards, telecommunication equipments, networking work for connectivity in commercial spaces, office automation and many more.

2. Construction Tenders: Due to extensive real-estate development there have been various construction tenders in Rajasthan introduced by the government. This category of these tenders include projects such as building construction tenders, bridge work, irrigation-related work, road construction in remote locations which are developing, trenching work, sports infrastructure tenders for residential and commercial real-estate projects, water and storage tenders, etc.

3. Power Tenders: A state like Rajasthan is the hotspot destination for development in both commercial and residential sectors. This state has various upcoming projects which are going to require adequate power supply along with reliable backup for the same. This has resulted in power tender demand in Rajasthan with a variety of projects such as power plant tenders, power transmission tenders, tenders for substation work, etc.

4. Auction Tenders: Construction and development leaves a lot of scrap of metal and material behind. There are various tenders that especially are open so that such materials can be used and utilized in another way, and are known as Auction tenders. It includes tenders such as plastic scrap and rubber scrap tenders, auctions for vehicle scraps as well as wood and paper scrap.

5. Safety and Security Tenders: Commercial establishments like malls and business parks in Rajasthan have opened tenders for safety and security. These types of tenders have a shorter contractual period and include tenders such as security hardware tenders, surveillance equipment tenders, fire fighting tenders for malls and business centers, explosive detector tenders, etc.

A Guide to Make You Aware about Tender Details

Tender usually refers to the procedure in which the government invites bids for big projects that need to be submitted within the specific deadline. When it is about Madhya Pradesh tenders as are rolled out by the state government, the interest that is usually shown by interested parties is generally quite significant. They further choose a tender that meets their need and renders the best value for money for responding to a particular need, like supply of goods, services or both. The tender invitations for Madhya Pradesh tenders outline the specific criteria, requirements and instructions that need to be followed subsequently. 

Moving ahead in this aspect, tender submission is commonly done by businesses supplying goods or services either to public sector firms or other private organizations. When applying for a tender, you are required to quote why you should be given the task at hand. For more formal ones like Madhya Pradesh tenders, you need to follow a specific tendering process.

In case you didn't get the contract, writing a tender can explain your aims, strengths and weaknesses. Asking for the feedback on your bid can help you learn for the next time. Besides, it raises your credibility with the customer and makes you aware about his needs.

Finding Out About Contracts

There are some sources from where you can get to know about Madhya Pradesh tenders. Some of them are:

1. Checking for contract notices published in trade magazines and newspapers

2. Following online government tender notices

You can find out about the private-sector tenders through:

1. Building contacts with prospective customers

2. Advertisements given in local and national newspapers

3. Advertisements listed in trade and professional magazines covering your area of business concern

4. Monitoring contracts outside your business that may come to you as secondary contracts. For instance, if a new office block is built, you can supply it with desks, stationery, signage, carpets and cleaning 

5. Following up press and other reports which may include information like a company is expanding or subcontracting part of a large order

6. Networking and getting information from other businesses

Find Out What the Client Wants

When applying for Madhya Pradesh tenders, it is very necessary to have a clear understanding about client's requirements. Before you start working on the tender, you should arrange a meeting or have a lengthy telephonic conversation with them. In case the tender documents are unclear, you must raise questions by phone or email. It is good be a little bit cautious. Before presenting your tender, you must request the client to sign a non-disclosure agreement as well.

Five Points for Making the Tender Process Simpler

You might have heard about tenders or may have seen advertisements in news paper or websites. There are many companies which put their advertisement for different-different tenders. But getting a tender is not everyone’s cup of tea.

What does the term Tender describes?

Offering to work or supply goods and services at fixed price is referred as a tender. In particular it usually applies to bigger jobs and public sectors work in particular, ranging from the local council to government departments. 

The proposal format of a tender varies widely from industry to industry, but with the same basic requirements. Deadline is the most important part of any tender response. Since this is a highly competitive process, it is very important to remember that you are able to provide the best quote with your bid.

Once the tender has closed, the government and other agencies do not negotiate with the prices. Firstly, the tender process is an understandably competitive one. As everyone wants the same piece of the same pie, this makes sure that the tender you are looking for is up against the toughest of your eligible competitors.

Mentioned below are the steps you must take care of while creating a winning tender:

1. Before tendering you should remember the following:

Get grip of the bid documents and analyze them properly.

Make sure that you can match the technical, skill and experience requirements.

How much will it cost to prepare your bid?

Familiarize yourself with the ins and outs of the tender process – because it’s never as easy as it sounds.

2. Get detailed information: 

You need to get detailed information about the contracts that have been put to tender. National and provincial government departments, parastatals, municipalities and big companies in the private sector, all are the kinds of firms that issue different kinds of tenders.

3. Establish your eligibility: 

The next step is to determine whether you are eligible to tender for the contract or not. The business should:

Be a registered business or be licensed with the relevant local authority

Have a good banking record, credit history and relationship with its suppliers and clients

Be able to deliver on time, on budget and according to the specifications and to deliver consistent quality

Have an up to date tax clearance certificate

Have the cash flow and other resources necessary to complete the contract

Have or can acquire the right equipment and accessories needed to complete the tender

Have products that comply with SABS or other relevant standard authorities

4. Do the paperwork:

The next step is to complete the documentation process. At this point, filling the tender correctly plays an important part in the potential success of your bid.

5. Get the price right:

Price is a big factor in awarding the tenders. So you want to ensure that your price is competitive. Having said this, you also need to make a profit. Those in the know generally advise that you work on a cost plus 7.5% basis. Working out how much the contract will cost requires you to pay close attention to the specifications in the tender.

Keeping all these points in consideration you can make this process simpler and then achieve the power sectors tender and other tenders easily without any hassle.