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.

 

• 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.

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.

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.