A comprehensive e-infrastructure is proposed to be used by all Agencies, Departments, and Corporations for processing of the Tenders online. This process is carrying out the basic process of tendering into the electronic form to make the whole system quick and efficient. The usage of electronic medium has been increased in the government sector and converting from governance to e-governance.
Think about the whole procurement process with saving time and environment. Every system has to be pace with the speed that the world in going through. So it has to be with the tendering process. E-procurement makes the electronic tendering completely automated. Automation is a key to efficiency in the entire system. The entire world is now shifting towards small screen world, where the process is a few clicks or we can say touch away.
By the use of internet and by converting the traditional procurement into e-procurement cycle has made this process environment-friendly. The e-governance concepts made it economical by Traveling cost, minimizing the use of papers, removing dependence on banks, couriers, Newspapers, etc. E- Tendering uses minimal storage space.
Technology is bringing the transparency in governance. Transparency is also increased by following the internet version of tender and procurement. This transparency in work ensures the highest level of security which is governed by digital security features. Possessing of a legally valid digital certificate is required to interact with the e-Procurement portal for the vendors. This digital certificate offered by licensed Certifying Authority. In the method of e-tendering, activities can be passed out from anywhere and any computer. The bids are submitted digitally with Digital Signatures.
Contractors can anytime & anywhere participate in bidding and submit offers online in e-Tenders directly from the website. This reduces efforts and cost of bidding. Traditional method or tendering was prone to human errors and it was sometimes the cause the fail to win a tender. The digitization in the system has minimized human errors and increased the chances of winning any tender of suppliers the interest.
No tender is going to miss out because of the tender alert services. Many websites offer e-tender alert services to make Supplier Company or organization aware about newly generated tender. The payment gateway is also digital so that security money can be deposited electronically from anywhere and anytime. It reduces the dependency on Bank and decreased the time consumed in the process.
The best element of the e-tendering system is that delayed bids after due date & time are not permitted. In the case of a traditional tendering system, especially in the country like India, last minute hustle is 100% sure.
Online E-tender system is a revolutionary step to strengthened the complete process and removing any kind of error and fraud. The high use of an electronic medium in tendering process will ensure the low rate of corruption and increase the trust towards the online electronic tender.