The E-Tendering system has become a very popular system of tender management under the public procurement domain. It has helped organisations to manage their procurement needs more efficiently and effectively.
The manual tender process can be long and cumbersome and is often too costly. Therefore replacing manual tendering process with that of electronic medium has become the need of the time. With a highly automated E-Tendering system, tender specification, advertising, tender aggregation as well as the evaluation and placing of the contract can be prepared at ease.
What is E- tendering?
It is an internet based process within which, the complete tendering process; from advertising to receiving and submitting the tender-related information are done online. This would enable the firms to be more efficient as paper-based transactions are reduced or eliminated which would facilitate a more speedy exchange of information.
E-tenders in the public sector have seen a rapid growth in recent years. E-procurement projects are often part of the country’s larger e-Government efforts to better serve its citizens and businesses in the digital economy.
Benefits of E- tendering
Tendersontime is a Global Tenders provider that gives you the leverage to choose from a variety of tenders online. Visit our tenders consultancy and management services and browse through the various e-tenders available.