Key Features and Characteristics of Open Tenders

Open tendering is an extremely popular system of bidding in which all the qualified suppliers or contactors operating in a particular industry can submit their bids for the relevant project in hand. This system is commonly referred to as competitive or public tendering, and popularly used by government based organization for the completion of their projects. 

Through this process, all eligible contractors of an industry can ideally get the chance to participate in prestigious railway or BPCL tenders, as well as project belonging to other governmental organizations. These organizations follow quite a systematic tendering process that is designed to ensure absolute fairness in all its dealings with diverse stakeholders, such as vendors, contractors and suppliers. Open tendering has certain important fundamental principles that enable government organizations to carry out outsourcing of their projects smoothly. 

Here are a few of the distinct norms of open tendering:

• These tenders are open to all the qualified contractors belonging to a particular industry who are interested in the project.
  
• The invitation to the tender is advertised quite thoroughly for making all the relevant contractors aware of the tendering opportunity. Railway and BPCL tenders are typically advertised extensively at both the local and national levels.
  
• All of the bids for these tenders should be submitted within the deadline in order to be considered for evaluation. This strict adherence to deadlines ensures that the whole process can be completed well on time.
  
• These tenders feature clear and objective criteria for qualification, and these requirements should subsequently be known and understood by all related parties.
  
• The tender contract in case of open tenders are awarded to the supplier or contractors providing the best quality of products at the most affordable price range, without any type of further contract negotiations.
  
• The tender documents involved in open tenders generally carry all relevant technical specifications, and does not leave any room for confusion or speculation.

As open tenders are evaluated on a public platform on the basis of the quality and price quoted by the bidders, there are no chances of favoritism involved in the awarding of contracts in this system. This absolute transparency and fairness is one of the core reasons why this process is used for railway or BPCL tenders, and other government contracts. People can easily find further information about these tenders though any renowned online tendering website.