E-tendering is ubiquitously used by government agencies, and it allows any contractor to participate in the bidding process, as long as they have internet connectivity and the soft copies of the required documents. One government agency that uses e-tendering is NTPC.
An NTPC e tenderallows prospective contractors to check if they are qualified to apply for the tender published by NTPC. Contractors can view the tender requirements and download the files to study them at leisure.
There are certain things that you need to consider before you apply for a tender online.
Ascertaining the project cost
The engineers can ascertain the cost by inviting quotations from the companies for the products which are necessary in the tender. Once the quotations are received, then the brand names are mentioned in the document. Later, the labor cost and the contractor marginsare added. After the cost is ascertained, the tender is put online for the contractors that have registered with those particular departments. The contractor bidding the lowest value is then awarded the tender.
How you can achieve the tender value or bid?
This can be done in various ways. One way is to estimate the yearly contract value and then multiply it with the duration of the contract in years. Also, you can get an expert in the field to produce the number by experience or by the elements that are required for the subject of the tender. Also, the organizer of the tender benefits from the lower estimates, as it sets some expectations with the suppliers or the parties.
Other things to consider during proposal preparation
There are certain things you need to consider when you prepare a proposal for an NTPC e tender:
- Knowyour customers
- Research
- Create the outline of your plan
- Analyze the costs
- Highlight your strengths
- Cover the legal details
How does e-tendering work?
- How does e-tendering work?
- You need to submit the expression of interest (EOI)
- Next step is to complete and submit the pre-qualification questionnaire (PQQ)
- Later, complete and submit the tender
- Next, you need to download the relevant bid and tender documents
- Thereafter, you receive the responses for the questions that pertain to your PQQ documents and the tender
- You can track the progress of the PQQ and the tender
- You can receive notifications based on any change in the specifications of the tender or PQQ
- You can upload other relevant documents on the respective sites
Use these steps to apply for e-tenders published not just by NTPC, but by any public or private organization.
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