Tender Bidding

What is tender? Lets understand tender in a simple way, basically its a contract kind of work which assigned to anyone who give a better biding and detailed project of completing task.

Types of Tenders :

1. Open Tender- A process that is open to all qualified bidders and where the sealed bids are open in public for scrutiny and our chosen on the basis of price and quality.

2. Limited Tender – A process is limited for some qualified bidders only.

What is tender bidding? Tender bidding is the process of submitting a proposal to undertake, or manage the undertaking of a project. the process starts with a cost estimate from blueprints and material take offs.

Our Tender Cover Following Source Of Origins :

Tender Bidding Process :

A competitive bid process is mostly used in the procurement of goods and services. the process entails submitting a sealed envelop detailing the price and terms of an offer. the recipient of the offer then selects the competitive bidder that has delivered the lowest price or best terms.

1. Technical Bid – This is the first round of tender bidding process . Through technical bid the purchaser evaluate the capabilities, financial strength, credentials, similar order executed by the bidders,capacities, order book position etc. In most of the cases, the technical bid would be analysed by the engineering terms and the approval of a specific bid would lie in their hands.

2. Commercial Bid – Commercial bid will carry the details like cost, payment terms, delivery terms, warranty and all other commercial terms that would apply. A commercial bid would be handled by the purchasing departments and so the approval of it lies in their hands.

Types of Bidding :

1. Online Tender Bidding – An internet base process where in the complete tendering process; from advertising to receiving and submitting tender- related information are done online.

2. Offline Tender – this is an offline process in which the documents are downloaded and all the information and required documents are submitted offline to the relevant department.

Steps of offline tenders :-

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Tendertimes is India's No 1 Tender Portal which provides Tender and Tender Result Information. The portal provides a platform for finding Joint Venture or Consortium Partner and also provides bid consultancy and other relevant services to help contractors in winning tenders.

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