E-tendering is a technology-driven concept of releasing project tenders. In this method tenders for upcoming projects of an organization are released online, so that interested contractors can bid. It eliminated the time of taking the offline method of filling the tender form. This online process of e-tendering is considered convenient, more transparent. E-tendering enables an interested contractor to bid for any national and international project very easily.
Forbidding on a project released by E-tendering, one has to visit the official site where tender has been released. After assuring their eligibility as per given guidelines, contractors can click on the link of e-tendering for that project and fill the online application form. Applicants have to be ready every time with documents, which will be demanded by the organization. After checking documents if the organization found the contractor eligible, the contractor gets rewarded with the project. For successfully winning any bid, the role of an online expert is also very important, as during the process the organization asks for different documents many times. We provide the best cyber support for e-tendering with the help of our experts.
E-tendering is of many types and it has many benefits. The first type of e-tendering is the open one, where the tender is released for all and any contractor can apply for it. The eligibility of the applicant gets checked later and the project is allotted on that basis. Government tenders are generally released under open e-tendering type. Another type of e-tendering is selected one, in which tender is provided for selected contractors, in this case only shortlisted contractors can bid for the tender. Another negotiation-based e-tendering is also announced where few people negotiate about the construction of a single project and project allowed after disputes get resolved.
E-tendering has benefits over conventional methods of allocating tenders. The first of the benefits is convenience, as one doesn’t have to be perplexed in manual work. After that transparency, here every bid is treated fairly and the project is only awarded to the most deserving one. Unlike the offline method, there is less chance of bribery for doing any favor. The E-tendering process saves money and effort of the aspiring contractor, it is pocket friendly and hassles friendly at the same time.
E-tendering adds benefits to the foreign investor, as he can apply without traveling to the site country. Reports say e-tendering has also brought pace in the process of project allocation to completion. Because every information remains available online in e-tendering, it becomes easy to compare and allocate bids quickly, and soon after selection contractors are informed, so that he starts work early and finishes early. E-tendering is not only beneficial in resolving the perplexity of the tendering process, but it is also eco-friendly. Due to everything happening online, it saves paper and ultimately a tree that contributes to a greener planet.
Experts at Vsh are well experienced and aware of documents required in an application for various tenders. Even if you are new or less aware of online procedures, our experts will guide you.
