Tenders are floated by organizations – both public and private – to invite bids for large projects or procurement initiatives. All eligible companies operating in the given industry are invited to submit their bids for the contract, which is then awarded to the company that has quoted the lowest price for the best quality product.
E-tendering or electronic tendering is a relatively new practice which basically involves conducting the entire tendering process online. If interested in bidding for a particular project, a company must log on to the site of the client or any reputed online portal offering information about the latest tenders. The company must then submit its bid over the internet, quoting a price and detailing the materials to be used, the schedule for completion, etc.
Through e-tendering you can do the following:
- Submit an expression of interest
- Complete and submit the tender or bid
- Download all important documents related to the tender onto your system
- Clarify any questions relating to your bid or the contract itself
- Keep all relevant documents in one place on the cloud
Advantages of e-Tendering:
Some of the advantages of online tendering have been listed below for your perusal:-
- The e-tendering process is very structured and organized, guiding you through the entire tendering process step-by-step.
- E-tendering enables paperless transactions, wherein the entire tendering process can be completed without any need for physical documentation. This makes storage, record keeping, and tracking of documents much easier.
- The speed of the entire tendering process is enhanced and communication become easier and faster. Any questions that the bidding firms might have regarding the expectations and scheduling preferences of the client can be promptly answered without causing any delay.
- It becomes easier for the client to manage and compare all the bids from the different suppliersin order to come to a conclusion about the most profitable offer, giving the best value for money.
- An e-tendering portal can be used to know about the latest tenders floated in an industry, their specifications, deadlines, and results. This saves time and effort on the part of potential bidders.
To know about the latest online tenders from Australia, New Zealand, Fiji, and other countries of Oceania, go to the website of a reputed portal giving updated information about the latest international tenders from around the globe. The tendering process has never been easier and more convenient.
For More Details: Tenders online Australia
