Government tenders are worth a lot of wealth. That is why there are so many companies compete for these contracts. A developing country like India with a increasing economy and a vibrant construction industry always has bounty of roads that need to be built, railway tracks that need to be laid and bridges that need to be meet. The state management cannot suffer all this work on their own and they require to take the assist of the private sector. There are several firms vying for these projects and the administration does not want to be blame of picture by awarding the public tenders to one organization.
That is why they place advertisements in newspapers and websites with the information that there is a project that requires achievement and concerned parties can bid for it. There is also a disconnect date given within which time the companies have to place their bid.
The company that offers the greatest terms and conditions to the government wins the right to feel the project. Advances have been laid down for every project. When the companies are bidding for the projects it is key that they follow all the method that has been place nearby by the government.
Those who are new to this business of getting contracts from the state administration would naturally want to know where they can get information on all the latest government tenders in India. This information is traditionally found in all the important local and general newspapers in the state.
Though, this is the age of the information expressway and anything that is available in newspapers can also be found on the Internet. In fact, it is possibly better to refer to the Internet since some government agencies might put this information on their website first before publishing it in a newspaper.
Some agencies will also have all the forms on their website, which the bidder simply has to download. There are websites that allow the bidder to bid for the Project online.
Using the Internet has also brought about greater transparency to the Complete Process as well as helping to make the whole procedure go a lot faster. It is little wonder then that online tenders are so popular.
There are Some good Sites that handle information related to etenders in India. They are neatly Categorized into various sections.
For Example, there is one list that splits all the Projects as per the State that they are based in. Then there is another list that separates the projects as per the industry they are a part of. For example, one can find projects related to the IT industry under one section, projects related to the medical industry under a additional section and so on.
Therefore, if one wants a listing of all the construction tenders in India then they simply need to go to that section and browse during all the listings below that section.
Thanks to all these facilities many companies have been capable to bid for projects happily and basically.
What is Tender?
A Buyer which can be moreover Government or great Private Company can float a Tender as and when they want to buy Goods, appoint services or build incredible. Normally tenders are floated by Government as it is a compulsory requirement for them.
A Seller which can be moreover Government or Large Private Company can suggest a tender for selling used machinery, scrap or surplus products. Normally Government floats sell tenders it is a compulsory requirement for them.
Why Tenders?
Tenders are open invitation to buy or sell goods/services/contracts. Those who are attracted in supplying what has been advertised can respond to a Tender & submit their best aggressive offer. The best aggressive offer is usually selected & the contract is awarded to L1 Bidder.
Types of Tenders?
There are various types of Tenders, some of them are listed below;
Open Tender - In Open Tender anyone can contribute. The participant has to ensure that they fulfill the minimum pre-qualification criteria exacting in the tender document to qualify. If they do not meet the pre qualification criteria, their bid will be rejected & they will lose the document fees they have paid. It is compulsory that open Tender is advertised in newspaper. The Lowest Bidder or L1 generally wins the contract.
Limited or Closed Tender - In Limited Tenders, only pre capable or empanelled bidders are allowed to participate. As Limited Tenders are not advertised in newspapers, other bidder normally do not come to know that such tender is floated. The Lowest Bidder or L1 normally wins the contract.
ICB or International Competitive Bidding - In such tender companies from outside India can also participate in Indian Tenders.
Envelope Bidding - In such Tender, Technical Bid & EMD is submitted in one Envelope & Price Bid is submitted in Second sealed envelope. Together Envelopes are then put in a Big Envelope, is sealed & submitted. First Technical bid containing EMD is opened & price bid of only those bidder who are found technically qualified are opened afterward at a later date.
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RFP or Request for Proposal - In RFP a company is supposed to submit only the Technical offer. analytical price bid can also be invited, if so required by Buyers. Once RFP round is over, RFQ or Request for Quote can be invited from shortlisted Bidders.
Another Principle of RFQ is to understand the current technology offered in the market. For e.g. if a new power plant is to be built, the government can float an RFP stating that it wants to build a 1000 MW power plant, special Bidder will submit their response stating that they can build either Thermal, Nuclear, Solar, Fuel, Coal based plant. On the source of response from different bidders, buyer will select either of the technology & then float a fresh tender or just invite bids from Pre experienced bidders.
RFQ or Request for Quote - In RFQ, a Company has to offer their best offer & on the basis of this decision the contract is awarded.
For example if someone wants to buy 1 Window AC, only RFQ is floated because no Technical Pre-qualification is required as it is a standard product.
Single Envelope Bidding - In such tender both Technical Bid & Price bid is submitted in a same envelope. Both Technical & Price Bid is opened concurrently & bid is awarded on the spot.
