Serial Tendering Process

What is e-tendering? A tender can be described as an offer to perform some task or supply goods at a fixed price.

Dec 11, 2017 - Serial Tendering Advantages And Disadvantages Average ratng: 5,9/10 5691votes. Tendering methods, Procedures in Construction. The various types of tenders generally used are: open tender, selective tender, negotiated tender, serial tender and term tendering. — Open Tendering. Open tendering is the main tendering procedure employed by both the private sector and the government. The client advertises the tender offers in the local newspaper along with the key.

In the initial step of this tendering process, the contractors are invited to submit sealed bids for construction or for the supply of specific and specifically designed services or goods during a specific timeframe. The e-tendering process in India is designed to ensure that the work to be done for the government or a particular client is done in a fair way. For example, certain places may have various procurement policies which guide the government of that place on how to make a decision and which tender to accept. Although as we know an e-tendering process is a very important decision on which tender to bid or accept, it is not the only factor to be taken into account. Once the client/government accepts a tender, it is binding on both parties. This means that the company or a person who has won the tender has to provide goods and services in the manner agreed to and at the price offered and the client will have to pay the agreed price in the agreed time. Once accepted tender is a binding contract.

Types of e-Tendering The process of tendering involved some kind of complicated procedures and processes unlike with the help of an. Before any tendering process can be done, a professional team must be ready with all the tendering documents checked and approved. The source of funding must also be available and the project financing should be put in place. The processes in the subsequent stages should be established with the express consent of the employer to ensure the online tendering process will go smoothly.

The type of tendering an employer must go with depends purely on the nature of the contract, the complexity in the construction, the expertise needed and various other reasons. The government projects are usually made open tenders in order to ensure that the procurement and works to be done in a fair manner without prejudice. The various types of tenders generally used are: open tender, selective tender, negotiated tender, serial tender and term tendering.

— Open Tendering Open tendering is the main tendering procedure employed by both the private sector and the government. The client advertises the tender offers in the local newspaper along with the key information of the proposed works and inviting interested contractors. The includes an invitation to treat, a mere request by the employer for a suitable contract to submit their bids or offers. — Selective Tendering Selective tendering is the one alternative developed to address the limitation of the open tendering procedure. 800 service scam. Here a short list of contractors is drawn up and they are invited to submit tenders. The purpose of this tender is to improve the quality of bids received to ensure that the contractors with necessary experience are given a chance to submit the necessary bids for the specific reason of the employer.