Acquisition or procurement of services has been prevalent from traditional era itself but with the rapid development in the society, the tendering process has reached at advanced level too. In simple words, the internet services have allowed alterations to its system which has indeed become convenient for users. The offline procedure of procurement was very long and had handicaps which faded its prominence. It was the very moment when the online based tendering was launched to assist applicants in sending their tender applications effortlessly. Moreover, this method proved to be affordable relatively and was beneficial as compared to conventional tendering. The prime benefit attained by people was preventing them from following the entire cycle of requisitions and then wait for responses.
In addition to this, this type of tendering helped potential contractors to get the practical results without being tampered by the officials. The tampering of results indicate that in earlier years, the committee which was responsible to take a decision of hiring contractors indulged in unfair practices when it came to select the final set of contractors. To stop corrupt practices, e tendering was developed which has been effective till date. Electronic tendering is trending in the market at present as it can deliver cost-effective output within a shorter time-frame. Unlike the manual procurement or tendering, it is not expensive because it is known for its fixed cost. Besides, vendors or contractors can participate in the electronic tendering without second thoughts.
This further implicates the presence of free as well as just services which can be used by the applicants. Mobility is an added advantage for the users as they can participate in the bidding for e tender irrespective of their location as well as submit their request within few clicks and scrolls. Most of all, the operational system has become flexible too. To be precise, the offline or traditional tendering approach implied that the working committee will not work on holidays. On a contrary, online tendering invites bids on holidays too. In addition, security is another concern which will stop applicants from submitting their request for procurement of a project. In such a scenario, one can rely on the electronic tendering technique as it has been developed in a way that users’ security is foolproof. From the year 2004, this modern procurement approach was valid for the potential buyers.
Sharing of content is another pivotal aspect of online tendering which is favorable. The manual tendering or procurement mode did not have a policy of sharing content of request. Due to the confidential policy or similar rules, the administrative board did not make the content public. Conversely, in the case of e tendering, the proposals or bids is visible to the other users too. It can be concluded that the internet enabled tendering is very user-friendly has multifarious benefits. These pros have in turn contributed to the smooth tendering practices. On the economical grounds also, this procurement technique is practical to be considered by bidder as well as the client.
The author is an experienced writer, he is writing this time for gyanfinder.com, it is a leading online education website in India. At present, he is writing on different topics like: What Are Tenders,Indian Tenders, Tender India, Tenders India, Government Tenders, Railway Tenders, etc.