e-Tendering is the latest phenomena which is being
followed by different Government departments, PSU’s, Corporate etc. and this trend is likely to be picked up much
faster in the days to come. In this mechanism, the complete cycle of tendering is conducted online right from the floating
of the NIT to the evaluation of the bids and finally to the tender award. E-Tendering simplifies government procurement and
helps bring in Transparency, efficiency and economy. It’s a completely PKI enabled product that uses Digital
Certificates incompliance with Asian Development Bank & World Bank e-Procurement Guidelines. Further it complies with
CVC guidelines and Information Technology Act 2000, India in totality.
In this module, different departments who chose our mode of e-tendering module publish
their tenders online along with the uploading of tender documents on to our site which can be freely viewed by any of the
prospective bidders who can download the same and study the feasibility of the tender work. The bidders then submit their
bids online after which the department people evaluate the same based on different pre-defined criteria at a pre-defined
time.
The major benefit that comes with e-tendering is the competition that it brings along
with it due to which it brings in better competitive prices. It also brings in transparency, efficiency and cost reduction
to the entire tendering procedure. Similarly the tenders so published are not being missed by any of the prospective bidders
due to the distance being criteria for the same. Lastly it reduces hassles involved in communication and
administration. |