Essentials of E-Tendering

Tendering is a systematic process with the help of which both private and public sector organizations invite bids for the completion of large projectsor for expansive procurement initiatives. Ideally, these projects need to be completed within a finite deadline. In most cases, the tender is announced publically, so as to inform all the potential vendors or suppliers about the need of the required product or service. The suppliers submit their bids for the contract, which is subsequently awarded to the one quoting the lowest price for the best quality product.



The system of E-tendering or electronic tendering has become quite popular in the last decade or so. This process basically involves conducting the entire process of tendering through an online portal. If suppliers are interested to bid for a certain project, then they must visit the website of the relevant company or any reputed online portal offering information about the latest tenders. The suppliers must then summit their bid over the web, while detailing the materials to be used, quoting the price, as well as giving the tentative schedule for completion. The e-tendering process is applicable for both national and international tenders. Whether you want to bid for a tender in Jordan or Jaipur,now you can easily do it through a web portal.

Through the process of e-tending, you can do the following:

• Submit an expression of interest or EOI for the tender.
• Complete the tender or bid, and submit it.
• Download all important documents and files relevant to the tender onto your system.
• Clarify any queries or confusion relating to your bid or the contract itself.
• Store all the important documents and files in one place on the cloud.

The process of e-tending offers a number of advantages, some of them are as follows:

• This is a well-structured and organized system, which provides a step-by-step guidance through the tendering process.
• As the entire process takes place on the virtual portal, there is no need for any physical documentation or paper transaction. This makes the storing of information, as well as record keeping and document tracking much easier.
• As communication over the web is quite fast and easy, the speed of the entire tendering process is enhanced. Any questions or queries can be promptly answered by relevant parties.

You can take assistance from a renowned e-tendering portal to know about the latest tenders floated in an industry, their specifications, deadlines, and results. On these websites, you can also get detailed information about the latest online tenders in Jordan, Iran, Turkey, Lebanon, Dubai, and other Middle Eastern states.

For more info please visit http://www.biddetail.com/