Jharkhand Tenders: Bringing Out the Best in the Business World

Tenders are always seen as important agreements, especially in the world of business. It is a stepping stone for entrepreneurs, as it works to play a major role in promoting the brand of a particular organization. It helps in global business expansion as the internet makes it possible for people to respond to tenders from all over the world.

Tenders and Business Opportunities

A tender is as essential for a buyer as it is for a seller. This document assists the buyer in obtaining great rates for a particular service or product. It also benefits bidders since it promotes the concept of fair and healthy competition. Depending on which Jharkhand tenders suit their business, entrepreneurs can respond and get back accordingly, quoting appropriate rates for the particular service or product.

Buyers too can make their decision carefully after receiving quotations from a multitude of companies and offer the tender to the company that assures them of the best performance and the lowest rates. A majority of the companies find that this is the best and most beneficial way to go about when finding a market to promote their business nationally.

 

Importance of Tenders

Today, people prefer to broaden their horizons and use tenders because:

• You have access to proposals from all over the globe. This opens an endless amount of opportunities.
• Sourcing a product at the lowest possible rate and keeping business costs as low as possible is achievable.
• Tenders help small and medium businesses flourish, as it establishes a route to the global world.
• Equality of opportunity prevails as all bidders in the market get a fair chance to showcase their product/service.

Tenders that Appeal on a National Scale

Jharkhand tenders open business opportunities and play a major role in establishing trustworthy business connections across the state and rest of India. It is important that you find a trustworthy tender site to locate national and international tenders. This way, each time a tender is floated, you will be notified and will be able to bid for it.

All in all, tenders work to your advantage most of the time in the business world, provided your manner and procedures when dealing with publishing and responding to a tender prove to be successful.

Some Important Details about Tender Categorization and the E-Tendering Process

Before you place a bid for a tender, the first thing that you must evaluate is the project for which the tender has been floated. While bidding for a tender, you must ensure that the project is related to the services provided or products supplied by your company. Say, for instance, if your company is involved with supply management, then you should bid for tenders for projects that are related to supply of equipment, machinery, laboratory items, and other such products.

Tender Categorization and E-tendering

If you visit a website providing details about various tenders, you will find that the tenders have been categorized based on the industry to which the project is related. You can check out tenders related to Construction, Service Sector, IT and Telecommunications, Electrical, Scientific Instruments, Laboratory Equipment and Supplies, Furniture, Paper Printing, Security, Machinery and Tools, Drugs and Pharmaceutical industries on the website, and bid for suitable tenders from the online platform itself. Tenders are also categorized based on the location of the projects like global tenders for drilling rigs or tenders for projects located in particular state in India. Thus, it is essential to evaluate all aspects of the project before bidding for a tender related to it. When you bid for a tender, it is advisable that you also check out and understand the e-tendering process.

Understanding E-tendering

Tenders that have been floated by Public Sector Units (PSUs) or the central or state government are usually the most sought after, primarily because of the easy availability of fund. You can bid for most government tenders online and while doing so, you must take into consideration the following points:

· E-tendering has made it easier for the supplier to evaluate and understand all aspects of the projects that he wishes to bid for. You can read the tender details from the website and easily access information like the last date for the submission of tender documents, types of documents to be submitted with the bid, and tender value.

· The tender documents cannot be accessed by unauthorized parties. The online platform will ensure that only registered clients can access the tender documents. Maintaining absolute security is an important part of e-tendering.

· The management of companies floating the tenders can also check out details of the supplier through a secure medium.

· The electronic system of tendering has made the entire process of evaluating tenders and bidding for the same more efficient.

· You can download all documents associated with the tender directly from the website to evaluate. These documents are usually in the form of attachments which can be downloaded from the website.

· You can also make the requisite payments directly from the online platform.

Thus, e-tendering has not only made the process of evaluating tenders easier but also made it simpler for the bidder to place bids and make payments for the respective tenders. It has also made the entire process right from floating tenders to placing bids transparent.

Basic Requirements & Advantages of Open Tendering

Among the various types of tendering, open tendering is one of the most preferred methods used for obtaining services, goods and infrastructural facilities. The basic requirements of open tendering are that they should:

• Be open to all interested and qualified bidders
• Be publicized locally as well as internationally if required
• Have objective qualification standards
• Have unbiased and precise technical specifications
• Have detailed objective evaluation criteria
• Be given to the lowest cost provider minus contract negotiations

It is believed that this procurement method nurtures effective competition, is worth the cost and is ideal for the procurement of simple goods. Open tendering is a one-stage bidding procedure where all those who are interested and are responding to contract notice, will be invited to submit a tender.  

 Mentioned below are some of the advantages that open tendering offers:

• The key advantage of open tendering is that no partiality exists here as everyone is invited to apply for the tender.
• Another advantage of open tendering is that you can find high competition in pricing.
• This tendering process allows new firms to enter the market.
• There are increased opportunities for employments.
• This tendering process encourages new experience and new technology.
• It allows the contractors to grow while enabling them to get new clients

Now, if you are interested in applying for the open tender, you will have to make sure that your company is registered on the database of the firm whose tender you are bidding for. Once you have registered your company, the next step will be to prepare your company for securing the contract. Keep in mind that there is no point in applying for a tender if your company does not have the expertise and experience to take up and complete the work. Therefore, ensure that your company is well-aware of the work involved and offers a competitive price package that fits in perfectly. Another thing that you should consider is that tenders are awarded on the basis of price as well as preference. So, companies with good track records usually have the highest chances of winning the bid.

Guidelines to Be Followed While Bidding For Construction Related Tenders

If you check a tender detail providing website, you will find that most of the government sponsored tenders are related to construction projects. With the growth in the number of urban centres in India, both the Central and the respective State governments in India are increasingly investing in infrastructural projects. Thus, there is a plethora of construction work, sub-contracting work and construction project management related live tenders available on reputed tender detail providing online platforms. However, while bidding for construction related tenders it is essential to keep certain points in mind and some of these have been discussed below.

Bidding for Construction Tenders

If you check the Andhra Pradesh tenders carefully, you will find that tenders are floated to call for bids for various projects ranging from construction to supply of medicines. Before you bid for a tender, it is important that you check the tender document carefully for any unusual conditions or specifications, which can affect the pricing.

When you place a bid for a construction tender, you must keep the following points in mind:

• You must check the tender for the prices of the materials that need to be procured from the sub-contractors. Your bid must be inclusive of the cost of purchasing construction materials, hiring transportation facilities, renting store sheds and all other expenses that your company has to bear in order to complete the work.
• Sometimes along with the tender documents, you might be required to submit a Bill Of Quantities or BOQs. Read the tender document carefully, to understand the type of BOQ that you must develop and the items to be included in the BOQ.
• While evaluating the tender, you must also check the project site. The project site should be easily accessible for your company employees, otherwise your company will incur extensive expenses in lieu of travelling to the project site.

Thus, before bidding for a construction tender you must study the document, evaluate all the clauses in the document and then make a bid for the tender. Also ensure that you submit all the tender related documents well before the last date for submission of bids.

What are the Points that Should Be Considered While Bidding for Tours?

Companies placing bids for different types of tenders have to take into consideration various factors, such as the cost of the projects, project types, locations of the respective projects and other such details. Bidding for tenders is a legal process and hence, proper documents have to be submitted with the bid. Additionally, on winning a tender, the company concerned must complete the project within the designated time period. Hence, as an entrepreneur, you must ensure that the tenders you bid for ideally suit the products supplied or the services provided by your firm. There are some other points to be taken into consideration while bidding for tenders and these have been discussed below.

Guidelines to be Followed while Bidding for Tenders:

If you want to learn about ‘live’ tenders, i.e. tenders on which you can place bids, then check out tender detail providing websites. These websites will provide all details regarding government tenders, tenders floated by private concerns, BSNL tenders and even international tenders. Depending on the services provided by your firm, you should bid for tenders.

Some of the points to be considered while bidding for tenders are as follows:

• Evaluate carefully the documentations required to bid for a particular tender. If you do not submit the required documents, the bid will be cancelled.
• Check the cost of the project carefully. Ensure that the price fixed for the particular project is sustainable, by your firm. If you are unable to make a profit, then it is advisable that you do not bid for the tender.
• Always bid for projects, which are in suitable locations. Unless you are bidding for international tenders, it is advisable that you bid for projects, which are conveniently located.
• While bidding for construction related tenders, you may have to submit a Bill of Quantities (BOQs). The BOQ should provide adetailed breakdown of the cost of individual activities carried required to be carried out, in order to complete the project.

Thus, before bidding for a tender, it is essential that you first read the tender documents, carefully and after that place a bid.

Delhi – Showing the Potential to Expand and Develop

Delhi, being the capital of India, always remains in the news, especially when it comes to development. The city is evolving with many government and private projects seeing the light of day, making it one of the promising cities of the country in terms of education, job opportunities, lifestyle and infrastructure.

Whether we talk about the construction of new flyovers or expansion of metro rail, the potential of Delhi can be projected by the swift development all around. Delhi along with its nearby areas like Noida, Gurgaon and Greater Noida are flooded with under construction residential complexes. Hence, there is no stopping to this growth anytime soon and businesses can expect a number of government tenders in Delhi.

How to know about upcoming government tenders in Delhi?

Like all major cities of the world, a lot of development can be expected in the capital in the coming times. Be it the construction of flyovers, roads or upcoming metro projects, all these show that there is a great scope for expansion of the city in the near future. As a result, a huge number of government tenders is expected in Delhi very soon.

One can know about all the government tenders in Delhi from Tender Detail. It is basically an online tender directory listing information on all the upcoming tenders as well as the tenders already floated by the government. This web portal provides all the information on tenders, including their release date, last date of bidding, necessary requirements, important details, etc. It also lists down all the upcoming as well as ongoing tenders in India and also abroad.

How to Bid Successfully For Global Tenders for Drilling Rigs?

The World economy is growing with huge steps. Not just the United States of America or the United Kingdom, every country is making sincere efforts to grow into a developed nation. Because of this, tenders are floated from time to time by the government of different countries with respect to infrastructure as it a key part of development.

What are Drilling Rigs?

A drilling rig is a machine that creates holes in the surface of the earth. These are used to drill holes for oil wells, water wells etc., and are also used for sampling sub-surface mineral deposits, test rock, soil and groundwater physical properties. So, the global tenders for drilling rigs are floated by several organizations very often as it plays an important part in the economic development of a country.

Things to Keep in Mind to Bid Successfully:-

1. Register Yourself:

The first and the foremost thing is to register your organization or team with the concerned authority that is responsible for finalizing the tender. There are several authorities that require a proper registration first and only then would they allow you to fill the quotation. There had been scenarios in the past when the authorities have rejected the quotation due to the absence of registration.  So, make sure that you do not face a rejection because of this.

2. Stay Updated:

Since you would be competing on a global platform, it is important that you analyze and stay updated about the latest trends in that city or country. A minor change in the rules and regulations of policies like taxation etc. can drastically affect your quotes.

3. Read the Instructions Carefully:

When defining the quotation proposal it is very important to consider all the instructions given by the issuing authority. Failing to do so can lead to rejection of your proposal. So, every contractor should pay attention to every single detail that goes into the quotation.

4. Showcase the Positive Aspects of Your Business or Organization:

Besides the right quotes and the plans, your abilities are one of the key factors that work to fetch you the contract. So, it is essential that you showcase the positive aspects and capabilities of your team or organization.

Giving references is a great idea to showcase your talent. This gives the deciding authority a chance to define your capabilities based on your past work experience. You can provide the contact number of the past work as this may work in your favors.

5. Decide the Quotation Wisely:

The cost of the project is a major point that defines your suitability for the project. This is based on the research you have done about the market and the insights that you could draw from it.

Also, one should submit quotes keeping in mind his own profit. While estimating the quotes ensure that you have an extended bandwidth to accommodate any kind of extra costs incurred during the completion of the project.

6. Keep a Copy of Your Documents:

When submitting the quotes, keep a copy of all the documents as well as the proposal. It serves a dual purpose as firstly you have a backup in case the first copy is lost and secondly, if you bid the tender successfully, you can use the same documents as a reference for other tenders.