Tendering Process is a method used by the Indian Government as well as most corporations and metropolis to issue a procurement notice in print, online media and authorized government publications for the purchase of goods or services.
In India, the tendering process is quite similar to the process followed in the rest of the world.
There are three types of tendering processes such as Open Tendering, Selective tendering and stay tendering.
Open Tendering Process in India
There are various stages in the Tendering Development.
The first and the main phase is the Pre-Qualification Stage where the Tendering Authority enumerates the criteria for being qualified by the trader of supplier. This is one of the most important phases as it severely cuts down the number of bidders and only allows a select few bidders who match the criteria to affect.
The second stage of the tendering process is the tender temptation phase where the Tendering Authority issues or publishes invitations which shortlists the bidders. This process normally doesn't want media channels for communications.
The third stage is tender clarifications and addenda phase in which the tendering authority replies to queries raised by bidders in writing.
The fourth stage is called the Bid submission stage or tender offer phase where all the bids are presented to the tendering authority in sealed envelopes after which opening and the post tendering clarification phase occurs.
After the give phase where the client issues an receipt letter to a bidder, the last stage is the formalization of agreement phase where all the necessary documents are signed to formalism the agreement.
Careful Tendering Method
In this process, the tendering authority only selects those contracts that have been delivering superb results in before comparable tenders. The process includes advertisements, after which a number of suitable contractors are selected to tender. The consultants and government bodies in general keep a list of accepted contractors in certain categories.
Agree Tendering Method
In this process, the Tendering Authority holds a discussion with the contractors to negotiate various Terms of agreement which the tenders are used for specialized projects such as airport projects or lift systems at an outsized scale where the number of contractors betrothed in such work are Limited.
In India, the tendering process is quite similar to the process followed in the rest of the world.
There are three types of tendering processes such as Open Tendering, Selective tendering and stay tendering.
Open Tendering Process in India
There are various stages in the Tendering Development.
The first and the main phase is the Pre-Qualification Stage where the Tendering Authority enumerates the criteria for being qualified by the trader of supplier. This is one of the most important phases as it severely cuts down the number of bidders and only allows a select few bidders who match the criteria to affect.
The second stage of the tendering process is the tender temptation phase where the Tendering Authority issues or publishes invitations which shortlists the bidders. This process normally doesn't want media channels for communications.
The third stage is tender clarifications and addenda phase in which the tendering authority replies to queries raised by bidders in writing.
The fourth stage is called the Bid submission stage or tender offer phase where all the bids are presented to the tendering authority in sealed envelopes after which opening and the post tendering clarification phase occurs.
After the give phase where the client issues an receipt letter to a bidder, the last stage is the formalization of agreement phase where all the necessary documents are signed to formalism the agreement.
Careful Tendering Method
In this process, the tendering authority only selects those contracts that have been delivering superb results in before comparable tenders. The process includes advertisements, after which a number of suitable contractors are selected to tender. The consultants and government bodies in general keep a list of accepted contractors in certain categories.
Agree Tendering Method
In this process, the Tendering Authority holds a discussion with the contractors to negotiate various Terms of agreement which the tenders are used for specialized projects such as airport projects or lift systems at an outsized scale where the number of contractors betrothed in such work are Limited.