It can be tough to embrace change, but an obvious benefit of eTendering is that it is a simple contract management tool that saves you so much time and effort on paperwork and legwork and more time doing the things you need to.
A tender is an invitation to bid for a project or accept a formal offer such as a takeover bid. Tendering usually refers to the process whereby governments and financial institutions invite bids for large projects that must be submitted within a finite deadline.
It can help to provide the best possible value-for-money outcome from procurement activity.
What are the benefits of tendering other than profit? Tenders allow small businesses to take the first step to sustainability. A lucrative contract can assist an SME with creating a path towards a sustainable business in the form of income that can be re-invested in expansion activities.