Thursday 12 December 2019

Tender Details One Should Know

Submitting tender is a common process related with businesses that provide services or goods and also in public sector. A tender is the document in which you give explanation on why a business should be granted to you. Tender info and its writing is a way for you to get your strengths, weakness and aims clarified.

Know About Contracts

Private Sector contracts can be found through:
  • Advertisements in national and local newspapers.
  • Building contracts along with the potential customers.
  • The professional and trade magazines with advertisements that comes under the niche of your business.
  • Follow Reports and Press.
  • Pick up and networking information from the other businesses.
Public Sector contracts can be found through:
  • Following the contract notices available in trade magazines and newspapers.
  • Online government tender notices should be monitored.
How to Decide Whether to Bid for a Tender or Not?

Preparing the tenders should help in winning big orders but it can also be very time consuming, demands higher costs and also need many other resources too. If the contract is lost, then the resources spent for the same also goes for a toss. Here are the facts that should be considered before you decide to bid for a contract:
  • Get bid documents and analyze them.
  • Your business should match with the experience, skill and technical requirements.
  • Estimate the cost for preparing the bid.
  • It is necessary to decide whether the work suits the strategy and positioning of the business.
  • Find out how the contract can affect other work, ability for taking other business and staffing.
Understand the Requirements of the Clients
It is very important to have clarity on the requirements of the clients.

Here are a few steps that can ease this process:
  • Schedule a meeting with the client to understand the requirements they have before preparing the tender info.
  •  Drop a mail or make a call if there are any doubts in the tender info document.
What are the Details to Include in Tender?
 
Here are some of the factors that can help you prepare a tender that answers the requirements of the clients:
  • Focus on Client: There should be details on their needs and the way those will be handled.
  • Value for Money: Price may not decide the bids, but you should also include some features in your work that makes you unique.
  • Contract Management: There should be resources for handling the work in cost effective way.

Thursday 28 November 2019

How to Choose an Online Tendering Portal

E-tendering is a very useful and efficient way of conducting the tendering process. This method of tendering has certain benefits like increased speed, more transparency, a more organized way of receiving tender invitations and replying to them, and decreased costs. In order to avail all the benefits of e-tendering, it is essential to subscribe to a good online tendering portal. One needs to look for certain features while choosing a particular portal. For instance, one must choose a portal that has global tenders from various domains ranging from vehicle hiring tenders in India to construction tenders in Libya. Discussed below are some of these features in detail.
Image result for Vehicle hiring tender 
  • Global tenders: One should choose an online tendering portal that provides tender invitations from around the globe. This will help to respond to invitations not only from one's own country but also from other countries. This will increase a bidder's chances of getting contract awards. This is also good for procurers as they will get a chance to find competent contractors from near and far places to complete their projects.
  • Variety of tenders: It is wise to choose a portal that enlists tender invitations from various domains. This will allow a bidder to find tender invitations specific to his category and also a procurer to find suitable contractors to complete his project.
  • Subscription packs: It is necessary to choose a portal that provides a number of subscription packs to choose from. This will allow people to find services suiting their preferences within their budgets. Not only will this help a variety of people take part in the tendering process, but it will also help to save money.
  • Email alerts: The portal one chooses should have provisions for sending email alerts to the users whenever there is any information suiting their preferences and domains. This will prevent them from missing out on important tenders even if they do not regularly browse the portal.

Choosing a portal with the above-mentioned features will help you find tenders ranging from vehicle hiring tenders to battery tenders in various countries and make your e-tendering experience successful.

Monday 4 November 2019

A Few Major Features of The Tendering System

The systematic and well-defined bidding process of tendering is used quite extensively by both government organizations and large corporations of the nation. Several large-scale projects or development contracts in India are completed through this system.
Image result for Coal India tenders

Bids for solar power, construction, banking and coal tenders in India have to be submitted to the relevant client organizations within a finite deadline, by various interested contractors and suppliers.  All these individual bids are ultimately evaluated by the client organizations on the basis of the quality of products offered to them and the price quoted for project completion. In the case of tendering, the ultimate contract is invariably awarded to the company charging the least amount of money for the most advanced product quality, without any type of further negotiations.

Here are some of the major defining features of the tendering system that play a major role in boosting its popularity: 
  • In the tendering system, the client organization enjoys the opportunity to make their choice from a wide pool of bidders. They can easily select the bids providing them with the highest value for money when it comes to quality and price.
  • The tender request documents are commonly referred to as Requests for Proposal (RFP) and Requests for Tenders (RFT). These documents largely underline the needs and requirements of the client organization and provide an overview on any specific criteria or instructions that the bidders would be required to follow.
  • Tenders that would be floated in the future are usually advertised largely for a significant period of time. This is done to provide adequate opportunities to various contractors belonging to the particular industry, and also to promote healthy competition in the marketplace.
  • Interested contractors belonging to the relevant industry are ideally expected to prepare and submit their distinct tender bids within a specified deadline. These bids usually feature a brief outline of their offerings, and include information about the schedule of completion, the price quoted for the tender, as well as the eligibility for the project. Through their bid proposals, people should focus on demonstrating to the buyers that they would be able to provide the best possible value to the project in hand.
People can acquire the latest details about the solar power, construction or coal tenders in India through any prominent online tendering portals.

Tuesday 22 October 2019

What Makes The Tendering System Ideal for Coal Projects in India

Coal is one of the most abundantly found fossil fuel resources in India. The country ranks at the third place when it comes to the annual coal production of nations across the planet. More than sixty coalfields can be found on the Indian peninsula, and seventeen in its north-eastern region.
Image result for Coal India tenders

As a high amount of coal is produced in India, multiple projects related to coal mining and distribution are undertaken in the nation every year. Coal tenders in India are usually issued for the efficient completion of such projects. Tendering is an extremely popular and prominent bidding procedure that is used by organisations around the globe to invite contractors and vendors for any project or procurement contract. Tenders are usually issued for projects that involve a high amount of investment and are needed to be completed within a finite deadline.

The system of tendering is used for coal-related projects owing to the many advantages of this procedure. Here are a few of those advantages:

Best value for money: Multiple contractors and suppliers compete with each other for a single project in case of tendering. As a result, the bidders are more inclined to quote the lowest possible price for high-quality service or product, in order to win the contract. This factor enables the client organizations to enjoy the best value for their money, and ensure that the project in hand is completed without exceeding their budget.

No bias: In the tendering system, the final contract is awarded on the basis of pre-determined criteria. The company quoting the lowest price for the best quality of product or service in their bid response wins the contract, without any further negotiations. This straightforward process subsequently minimalizes the chances of any bias, favouritism, and nepotism. With the help of tendering, even a new company that does not have any prior contact in the industry is able to win prestigious contracts.

As the states of Orissa, Jharkhand, Madhya Pradesh, and West Bengal house the major bulk of coal reserves in the nation, a large number of coal tenders in India are issued in these regions. Details about such tenders can be easily found on popular online tendering platforms.

Wednesday 24 July 2019

Top Tips for Submitting Successful Government Tender Proposals

It is a well-known fact that when compared to every other kind of tenders, govt. tenders give your business even better recognition. Apart from this, if it is a national level government tender, then you have struck gold. Government tenders are usually categorized into state, industry, and other specifications. If you are thinking about benefitting from these kinds of tenders, you need to first submit a successful tender proposal. Here is how you can do so:
Image result for Govt. Tenders

Write and fine tune the proposal carefully
You need to first and foremost put together a careful proposal if you want to bid on government tenders. After all, when you are making a pact with the government, you need to fine tune and add finesse to your proposal. This is because, when it comes to the government, there are certain rules and regulations attached. If you are not aware of these rules, see that you find appropriate sources to help you out on the same. You need to be mindful and take into account every item or issue that is listed by the government.

Explain how your product fulfills a need
Many individuals are wary when dealing with the government. You have nothing to worry about if you present your proposal in a manner that caters to the government’s needs. Your proposal needs to state in detail how your product or service fulfills the requirements put forth by the government. There is stiff competition going on, so you need to come up with a tender proposal that makes you the ideal candidate.

Hire a professional
It is vital that you fulfill all of the requirements set up, if you want to make the government one of your customers. But since it is the government, there are many companies eyeing the same position you desire. In this case, you need to make sure that your service/product is different from the rest. To do this, you can hire a professional to write govt. tenders for you.A professional is skilled and experienced enough to avoid mistakes and submit flawless tender proposals on your behalf.

Submitting a well written government tender can surely help you in your quest, as it assures the government that the services and facilities you provide are one-of-a-kind.

Wednesday 17 July 2019

Here are the 3 Advantages of Tendering you need to know about

What is a tender?

The tendering process is a system of inviting bids from various firms operating in a given industry or vertical, for a particular project or contract. Tenders are usually only floated for large projects involving a substantial amount of money. The Request for Tenders or Request for Proposals document published by the client will usually have the specifications of the project as well as a broad outline of the requirements and expectations of the organization, floating the tender.
On the basis of this, interested and qualified firms operating in the industry must submit their bids within a deadline, quoting a price, the materials to be used as well as a schedule for completion. The bids will then be opened in public, with the contract being awarded without any further negotiations to the firm quoting the lowest price for the best quality end product. Some of the advantages of the tendering process have been listed below.
  • The tendering process eliminates nepotism and favoritism in the awarding of contracts. The firm quoting the lowest price for the best product is awarded the contract, even if it has no prior contacts in the industry. As the bids are opened in public, this leaves little room for maneuvering and unfairness.
  • Tendering allows the entry of new firms into the market, as one can win prestigious contracts by offering value for money, even without prior connections in the industry.
  • This system enables the client organization to get the best value for their money. They pay the right amount of money for the highest quality product. In case of government tenders, this saves a substantial amount of taxpayer money. It also enhances the profitability of private firms.
So, if you want to know about all the latest national and international tenders being floated in your industry, you should definitely check out the website of Tender Detail, one of the most reputed online portals giving up-to-date information on government and private tenders floated in almost every industry.

Wednesday 10 July 2019

Tips to Write Responses for Government Projects

Owing to the high effectiveness and transparency of the tendering process, it is quite popularly used for the completion of various large-scale government based projects. Govt tenders are commonly issued by diverse public sector organizations in order to evaluate a distinct pool of prospective contractors in an extremely systematic fashion for the purpose of identifying the most eligible candidate from amongst them. The process of tendering also eliminates the contractors who do not have the required abilities or capabilities to meet the desired set standard of government organizations.

Companies from around the country often bid for various Govt tenders in order to secure highly prestigious and lucrative contracts. Here are a few tips that they can follow when bidding for any government based tender:
  • Build the groundwork: The very first step to take care of when planning to bid for a tender is to conduct adequate research on the client organization and their requirements. This research can help the bidders to acquire a better insight on the primary objectives of the client organization to augment their overall chances of winning the ultimate contract. When doing this research people should try to put their major focus on factors like:
  1. What does the client organization care about the most?
  2. Is price more important than quality for the project?
  3. How are the bid proposals scored?
  4. What is the operating policy of the client organization?
  • Carefully read the tender detail and specifications: As people receive the RTF (Request for Tender) for the tender they plan to bid for, their priority should be to go through the diverse details and specifications of the contract. They should make sure that they have orderly understood each and every important element of the tender. Special emphasis should be given to the details like the deadlines, desired formatting guidelines and the priorities set by the client organization.
  • Follow the templates provided: In several cases, the specification documents provided with the Govt tenders also feature template designs and formatting guidelines that have to be followed when submitting the ultimate proposal. These templates generally comprise of multiple designated sections and units that have to be orderly filled up by the bidders when formulating the tender response. Each of these sections generally feature specific file formats and file limits. By making sure to follow these formatting guidelines are met when preparing their proposal, the bidders can make sure that the relevant tender review board would not have to face any type of inconveniences when evaluating their bids.
  • Be convincing: While writing the tender response or proposal, it is extremely important that the bidders try to be extremely convincing and persuasive. In their proposal they should put a great focus on the USP of their brand, while mentioning how it can help the client organization in meeting their requirement. The bidders should also lay emphasis on the fact that they have the relevant experience, accreditations, knowledge, certificates, infrastructure and skill set necessary to fulfill all the major specifications of the contract.
Interested bidders can explore diverse reliable websites offering accurate and up-to-date tender details to find govt tenders floating in their distinct industry.

Wednesday 26 June 2019

Reasons for Using Tenders for the Completion of Railway Projects in India

The Indian Railways is one of the key pillars of transportation in the country, and is known to enable rapid, large scale and cost-effective movement of both goods and people across the nation. This system plays a major role in the socio-economic development of the country, and therefore needs to be maintained in perfect running condition. As such various projects related to its upkeep and development can be seen coming up every passing day. These projects are ideally completed with the help of railway tenders. In fact, the Railway Ministry has even launched an exclusive e-tendering portal for the numerous tenders they have to publish every time. 
Related image

Here are some of the key reasons why the tendering system is commonly used for the completion of projects related to the Indian Railways:
  • Premium quality of output: The extensive network of the Indian Railways is used by many thousands of people on a daily basis. Hence, it is crucial to make sure that every project coming under it is completed with utmost efficiency, in order to be assured of the safety and convenience of the people using it. As the system of tendering is essentially used to filter all the unsuitable applicants from a pool of contractors, only the ones equipped to provide the best quality of output gets a chance to win the contract.
  • Good value for money: Indian Railways is a State owned network. Therefore, all the funds invested in the projects related to them majorly come from the public. Thereby it becomes extremely important to ensure that the money coming from the taxpayers is utilized in the best possible manner, and none of it is wasted. In the tendering system, in order to gain an edge over their competitors, contractors are always inclined to offer superior quality of products in the most cost-effective pricing range, resulting in maximum savings.
  • Adherence to the regulations: As the Railway Department is part of the Government; all projects coming under it need to be completed as per certain legislative obligations. The tendering system enables the Railway Department to monitor the contractors while they work on their project, and subsequently ensure that they follow the framework prescribed.
Contractors interested in participating in Railway tenders can check out a renowned and reliable website offering accurate tender details in order to acquire accurate and up-to-date information pertaining to them.

Tuesday 18 June 2019

A Refresher on Bidding for Government E-Tenders

Governmental organizations frequently take up large scale projects pertaining to various industries for the development and growth of diverse sections of the society. For the completion of these projects, government departments, agencies and offices often issue public tenders. These tenders help them to identify the most competent and promising contractor belonging to a certain industry who would be able to complete the project in hand in the most efficient fashion.
In the contemporary world, majority of government projects, right from infrastructure development initiatives to railway contracts are completed with the help of online tendering cycle.  Online or e-tendering is known to be an extremely well defined system where the opening of the tenders, evaluation of all the bids submitted and the final selection of the contractors are done on a virtual platform. Apart from its high efficiency, the growing popularity of government e-tenders can also be attributed to the development of the Digital India initiative and technological advancements taking place across the country. Many important government departments and agencies, including the Indian Railways, have in fact developed their individual e-tendering platforms through which they invite contractors from various parts of the country.

Participating in Government e-tenders

In order to bid for any prestigious government-tender contractors should visit the distinct online platforms developed for this purpose by various public sector organizations. On those e-tendering platforms, the bidders would typically be required to submit important details about their organization, as well as specifications about the project in hand.  This information typically includes the quotation price and the quality of material to be used in the contract, in addition to details like company policy and accreditations. In such e-tendering platforms the bidders generally can:
  • Submit their expression of interest [EOI]
  • Complete and submit their pre-qualification questionnaire [PQQ]
  • Complete their tender response and submit it in an orderly fashion
  • Download all the relevant documents related to the tender, as well as the bidding system
  • Upload vital documents, such as licenses, accreditations and  certifications
  • Both receive and ask questions related to their Tender and PQQ
  • Track the progress of their tender response and PQQ
  • Receive notifications in case  any type of changes are made to the tender specifications
Contractors can easily visit any popular tender website in order to find up-to-date and accurate information about various government-tenders floating across the country.

Monday 10 June 2019

Important Characteristics of the Tendering System

Tendering is a bidding process that organizations, both public and private use in order to find the best contractors for their various infrastructural projects as well as procurement needs.  Solar power, construction, energy, and vehicle tenders are commonly floated across the world for time sensitive projects.  In this procedure, the contract is ultimately awarded to the company charging the lowest amount for the highest quality product or services.

The system of tendering is renowned for its distinct characteristics,few of them being: 

  • Through the tendering process, the client organization gets to choose the most competent contractor from a large pool of firms who send in their proposals. Companies can select the contractors providing them with the best value for money in terms of both price and quality.
  • Tender request documents, including the Requests for Proposal (RFP) and Requests for Tenders (RFT) are floated by the client organization. These documents basically highlight the various requirements and expectations of the buyers. They also feature details about any special instructions or criteria that are to be followed by the bidders to be considered for the contract.
  • Most tenders are advertised quite extensively for a good period of time. This is done so as to provide diverse contractors in an industry with adequate opportunity to collect information about the tendering opportunity and bid for it.
  • All contractors planning to bid for a tender are typically expected to prepare and submit their proposals within the deadline.As per procedure, no bids are accepted by the organizations after the deadline. The bid proposals created by the contractors should underline the important components of their offer. These elements can include the pricing, schedules and their eligibility for the contract.
  • As the evaluation of bids in case of tendering is done on the basis of pre-defined criteria, this process eliminates any chances of bias or favoritism. The ultimate contract is offered to the company whose proposal meets all the requirements of the client organization.
  • Majority of the tenders are issued for projects that involve a large sum of investment and are substantial in its scope and size.

Tendering is an extensive procedure that follows a distinct step-by-step process and involves a lot of documentation and stringent formalities. However, with the advent of the system of e-tendering, this process too has become simpler and quite hassle free. As such, nowadays all big and small companies can easily apply for all kinds of requirements, be it vehicle tenders issued by multinationals or coal and other such tenders issued by government bodies.

Monday 3 June 2019

Reasons that Make Tendering Ideal for Railway Projects

The Indian Railways is regarded to be one of the key pillars of the transportation system of the nation.  As a result, a host of large scale projects related to the railway network are developed here every year for its expansion and overall advancement. In majority of the cases, railway tenders are floated in the country for the completion of these projects.
Due to the systematic procedure and the high level of transparency of the tendering system, this bidding process is considered to be ideal for identifying contractors for large scale railway projects that involve an extensive sum of investment. The tendering process plays a major role in enabling the Ministry of Railways to competently identify the most skilled and qualified contractors belonging to the industry who would be able to efficiently complete the project in hand within the specified deadline.

Here are two of the biggest reasons why the system of tendering is ideal for the completion of railway projects:
  • Premium quality of output: The Indian railway network is widely used across the country. Thousands of people travel by these trains on a daily basis in the nation. Hence, for the safety and the convenience of all these individuals it is increasingly important to make sure that all railway projects are completed with the highest possible efficiency. Tendering is a process that automatically eliminates the contractors who do not have the needed skills, experience or infrastructure to complete a certain project. Hence, with the help of this process, railway authorities can make sure that only an adequately competent contractor is chosen for the project.

  • Good value for money: The Indian railway is a state-owned enterprise. As a result, all the funds invested in the projects related to it directly come from the public. And, the tendering process focuses on making sure that the client organization is able to acquire the best possible quality of products at the most reasonable price. Hence, as the railway projects are awarded through this process, it provides assurance that the money coming from the taxpayers is utilized optimally.

Most railway tenders are now issued through the distinct e-tendering portal launched by the Indian Railways. And, contractors on the lookout for such tenders can easily explore the site as well as various popular online tendering platforms of the country for various relevant railway tenders.

Thursday 30 May 2019

Ways to Find the Latest Tender Information

In simple terms, a tender is defined as a type of bid invitation that is sent out by a certain organization for the purpose of inviting quotes from various eligible contractors who would be able to complete a particular project. These tenders are issued across the globe by both private and public sector enterprises.

In the typical tendering procedure, the particulars and specifications of the project in hand are highlighted in a document that is referred to as the Request for Tender. In response to this document, the contractors operating in the relevant industry and interested in participating in the project, are required to submit their bids within a pre-defined deadline. While preparing their bids, the contractors should mention the price they would be charging for the project, the specifications and quality of material that they would use, as well as other crucial information about their specialization and accreditations. The contract is ultimately awarded to the company that offers high quality products at the most affordable pricing in their bids.

The process of tendering is especially popular for offering new organizations, as well as small and medium scale firms,the opportunity to acquire large scale projects with their own competence. They do not need to have any existing contacts in the industry in order to secure contracts through this system, as the tendering process eliminates any chances of bias or nepotism in the awarding of contracts.

First step of participating in the tendering process

When planning to bid for national and global tenders, contractors would firstly need to find adequate information about the tenders floating in their relevant industry. To be aware of such opportunities they should try to stay up to date with the latest tender news. Latest tender information can be found through:
 
  • Online tendering portals
  • Advertisements published in national and local newspapers
  • Advertisements published  in professional and trade based magazines
  • Networking and finding out information from other businesses
  • Following up on contract notices published in trade magazines

Out of all of these options, referring to online tendering portals is any day the easiest and most efficient way to find the latest tender news. Contractors can just visit any such popular website to find the latest information about the tenders floating in their relevant industry.

Monday 27 May 2019

All About the Process of E-tendering

The system of tendering has been used for several years across the globe in order to complete large scale projects. In this system, eligible companies belonging to a certain industry are invited to submit their respective bids for the project in hand, which ultimately is awarded to the firm quoting the lowest price for the highest quality product.


Nowadays, the whole tendering cycle is popularly conducted online. Energy, irrigation and software tenders are floated by diverse contemporary organizations on a virtual platform.  Contactors planning to bid for these projects are typically required to log on to the website of the client organization, and submit their bid proposals there itself.  Many organizations, both private and public, might even have their own distinct e-tendering platforms where the bidders get to:
  • Submit an expression of interest
  • Complete and submit the tender or bid
  • Download all important documents related to the tender onto one’s own system
  • Clarify any questions related to the bid or the contract itself
  • Keep all relevant documents in one place on the cloud
The popularity of the e-tendering system has surged up over the years owing to its various benefits and advantages. Here are few of the biggest advantages of this process:
  1. The e-tendering procedure is a highly structured and organized procedure, in which the bidders are provided with guidance in each and every step.
  2. E-tendering facilitates paperless transactions, and hence in this system there is no requirement for any kind of physical documentation. This factor makes tracking of documents, record keeping and storage much easier.
  3. The speed of the whole tendering process gets augmented as the whole cycle takes place online, and communications between the bidders and the client organizations becomes much smoother as well. Any queries and questions that the bidding enterprises might have in relation to the client’s expectations and scheduling preferences can be promptly answered through the respective online tendering platforms without causing any delay.
  4. When the tendering procedure takes place online, it ultimately becomes much easier for the client organization to manage and compare all the bids from the different contractors.
Online tendering has thus made the whole process quite uncomplicated and quick, for both, the seller and the buyer. As such, be it energy, irrigation or software all kinds if tenders can now be found online on various e-tendering portals.