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.