Monday 25 June 2018

Key Components of a Tender Request Form

Tendering refers to the process through which commercial and government organizations invite bids for the completion of projects that require a large sum of investment. A tender is basically a written invitation that is sent out to the potential suppliers or contractors of a particular product or service.Image result for best tender site in india

How to know about the latest tenders?

To participate in the tendering process, it is highly important to be aware of the various tenders floating in the relevant industry at a given time. One can get the latest tender details and updates through one of the best tender sites in India, as well as by a number of other methods.

Some of the ways in which one can find out about private and public sector tenders are as follows:
  • Advertisements in local and national newspapers
  • Advertisements in industry-specific trade magazines and journals
  • Networking with industry peers and clients
  • Monitoring online tender notices issued on the best tender sites in India
What are the key components of a tender request form?

Before taking part in a tendering process, it is also quite important to have a thorough idea about its various elements and components. While its nuances might differ for different industries, the most common components of a typical tender request form are as follows:
  • Details of the services or goods to be obtained: This section features all the relevant details and technical specifications of various goods or services required by the buyer, such as the quality of the raw materials and other essentials.
  • Tender Conditions: In this section, all the terms and conditions that must be met by the contractor or the supplier to be considered for the project are mentioned in a detailed manner. These conditions ideally include licenses and accreditations,technical qualifications, company infrastructure, etc.
  • Criteria for Evaluation: This section provides a brief summary of the standards and criterions as per which the tender submission shall be evaluated and measured.
  • Format and Content of Submission: In this section, certain particulars or guidelines relating to the format of the tender submission are included which must be followed while preparing it.
  • Process information and rules: In this section the various crucial dates and specifications relating to the tender are mentioned, including its deadline andpricing information.
In order to participate in the tendering process, interested suppliers or contractors can easily browse through some of the best tender sites in India and get updated information about the latest tenders floating in the market.

Wednesday 6 June 2018

Benefits of an e tender for civil works

E-tenders refer to floating tenders online to get interested bidders to bid for a project. An e-tender is like a regular tender, wherein the requirements of the project are stated and prospective contractors have to read the tender details and then submit a proposal. When it comes to civil works projects, e-tenders are extremely popular, as they are highly effective in managing the entire contractual relationship, especially if there is a complex supply chain, as is the case with civil works projects.
Here are some benefits of why government agencies and private organizations should opt for an e tender for civil works.
Image result for e tender for civil works

Automated Procedures
An e tender for civil works minimizes paper-based and human processes. If organizations and agencies use a platform that can be customized to their needs, it allows the tender team to focus on other important tasks, rather than working on low-value tasks.

Positive Relationship between Stakeholders
In online tenders, the company has to state all its requirements. There is no back and forth communication for tender details between the company and contractor, as everything required to write a proposal is stated in the e-tender. As a result, contractors can focus on creating their proposals with utmost care. It also fosters positive interactions between the stakeholders and increases the chances of the project being delivered in a timely manner.

Healthy Competition

An e tender in civil works nurtures healthy competition between contractors. Contractors are aware of the tender terms, as they are in the open.They also have to submit their proposals online. Since the entire tender process occurs online, there is transparency and does away with unhealthy practices. As a result, it spurs healthy competition between contractors and the organization that has published the tender can expect contractors to offer the best services at minimal costs.

Easy Shortlisting Process
The organization that publishes the electronic tender finds it easy to shortlist the contractors during the elimination stage. This is possible, as the proposals are online and can be easily compared. As a result, just those contractors who have the capability and capacity to fulfill the terms of the tender are shortlisted.

These are some of the main advantages of e-tenders and if both public and private sectors should realize these benefits, they will be more conducive to using a reputable and reliable e-tender platform.