Reasons Why Tenders Are Commonly Used For Government Projects

Due to the effectiveness and transparency of the tendering process, this system is quiet commonly used for the completion of Governmental projects. This process allows government agencies, departments and offices to orderly evaluate a pool of prospective suppliers and identify the most suitable candidate from among them.  The system of tendering also eliminates the suppliers who do not have the capability to meet the desired standards of the governmental organizations.  A number of construction, IT and telecom, BHEL and Railways tenders are being issued every passing day due to the incredible advantages offered by this system. 

Here’s more on the specific reasons why tenders are commonly used for government projects and contracts:

• Agreement to the regulatory requirements: Government bodies are required to work under certain legislative obligations, and therefore it is imperative that their projects be subjected to certain amount of monitoring in order to ensure that they are being developed under the prescribed framework. By sanctioning a project through the process of tendering, government firms are able to ensure that their chosen suppliers follow all the relevant guidelines.
  
• Best value for money:  In case of tendering, multiple suppliers compete with each other for the same project. Thus, in order to achieve an edge over their competitors, these suppliers are ideally inclined to provide the best quality of the product or the services at the most cost effective pricing. Government organizations can additionally acquire quite profitable deals from their suppliers, in the form of price reductions, better services and other value adds.Therefore, through the tendering system it can be ensured that the taxpayer’s money is beingoptimally utilized.
  
• Healthy competition: The tendering system fosters an environment of healthy competition in the market, subsequently encouraging the suppliers to   further innovate and develop their products. This invariably results in an increase in the general productivity of all the participating suppliers. 

Information about various governmental tenders, including electrical, construction and BHEL tenders can be found on renowned online portals providing accurate and up-to-date details about various tenders floating in distinguished industries.  Interested suppliers can also keep a track of these tenders through such websites.

Three Basic Mistakes that you should avoid while bidding for a Tender

When you bid for a tender, you must ensure that you submit all the requisite documents along with your bid. The documents that you will need to submit, while submitting the bid will be mentioned in the tender documents. Hence, you must read the tender documents carefully and ensure that you meet all the requirements mentioned in the document. Sometimes, bids get cancelled, because the correct documents have not been submitted. This is a basic mistake that can prevent you from winning a tender irrespective of your company’s market goodwill. Moreover, this error can prevent you from winning the tender, which ideally should have been won by your company. Thus, there are certain basic mistakes that you should avoid, so that you do not lose on a tender owing to certain technical inaccuracies.

Mistakes to be Avoided while Bidding for a Tender

If you want to bid for tenders in India then you must first visit a tender detail providing website. Here, you will find live tenders that have been categorized based on the states to which the projects belong. Here, you will also find construction tenders, tenders for supplying hospital equipment and even tenders for the maintenance of buildings and roads. Once, you have selected a suitable tender ensure that you do not make the following mistakes while submitting the bid:

• Plan and then carefully draft the bid document. You must provide proper analysis of your expenses along with requisite price schedules and detailed analysis of the support that you intend to provide the organization floating the tender.

• Never bid for a tender in a hurried manner. Ensure that you have read the tender documents carefully, so as to ascertain that the service that the organization expects from the contractor fall under your domain. You must also ensure that the services expected by the organization floating the tender correspond with the services provided by your company.

• Use a professional language while drafting the documents, so that it reflects the proficiency of your company.

Thus, it is essential that you read the tender documents carefully and submit a bid along with all the required documents.

How and Where to Find Tenders for Laboratory Equipment

If you are a laboratory equipment manufacturer or supplier, adding tendering contracts to your portfolio can help you create a new revenue stream to supplement your existing revenue streams. There are many different ways to find laboratory equipment tendersthat are apt for your business.

Tender Sites: The best way to find tenders for the supply of laboratory equipment is to opt for a mix of a subscription services from tender websites and to access free databases of tenders. Many of the subscription websites will send you email alerts to inform you of upcoming tenders, while others will require you to visit them regularly to check for new contracts.

Usually, suppliers and manufacturers tend to favor subscription-based tender websites as they offer more opportunities by weeding out those businesses that are not serious about applying for tenders.

Bidding on Laboratory Equipment Tenders: After registering at the tender websites, you will be able to browse through the tenders to get further information related to them. After reading the tender requirements carefully, you can send an expression of interest along with the relevant documentation.
Nearly all tender listing websites require subscribers to choose a category based on their areas of business. It is with the help of these categories that the tender-listing websites send you email alerts when an opportunity matching your field is listed on the site. This way, you will always know when a new tender contract is uploaded onto that specific site, without having to re-visit the site constantly.

Choose the Tender Site with Care: While you will find many sites that list tenders for laboratory equipment regularly, it is important that you select the site with utmost care. Select a site that has good choice of contracts for domestic, international, and public sector industries, so that you can send multiple expressions of interest to improve your chances of securing a contract. Also, the site should have current tenders so that you don’t end up applying for old tenders that have already been closed.

Furthermore, the tender site should allow you access to all tenders, regardless of their geographical location. This will further improve your chance of securing a contract, as long as you have the capabilities of meeting the tender requirements.