An e-Tendering System (or Electronic Tendering System) facilitates the complete tendering process from the advertising of the requirement through to the placing of the contract. This incorporates the trading of every single significant report in electronic configuration.
Electronic tendering system, in its least difficult structure, is depicted as the electronic distributed, conveying, getting to, accepting and submitting of every one of the tender related data and documentation by means of the web, accordingly supplanting the customary paper-based tender procedures, and accomplishing a more proficient and powerful business process for all partners included.
Generally the tender procedure was a paper based framework. Nonetheless, a few variables have lead to the expanding utilization of electronic offering, including:
(1) Expanding utilization of innovation crosswise over ventures.
(2) The truth that the extensive trade of data between different gatherings amid offering process implies an electronic framework is more proficient and minimizes paper and waste.
(3) Expanding cases and additionally quantum of defilement crosswise over range.
Electronic tendering system benefits:
- Reduced tender process duration .
- Fast and exact pre-capability and assessment, which empowers the dismissal of suppliers that neglect to meet the tender determination .
- Faster reaction to inquiries and purposes of illumination amid the tender period .
- Reduction in the work concentrated assignments of receipt, recording and appropriation of tender entries .
- Reduction of the paper trail on offering works out, diminishing expenses to both gatherings and suppliers .
- Improved review trail expanding respectability and straightforwardness of the offering procedure .
- Improved nature of tender determination and supplier reaction .
- Provision of value administration data.