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E-tendering Process In India: How to apply for tenders?

A tender can be described as an offer to perform some task or supply goods at predetermined prices. Once the client accepts the tender, it is binding on both the parties involved. Tenders are accepted while adhering to the policies that guide the procurement framework. E-tendering process was designed to get away with wrongdoings involved in traditional methods of bidding. The development of e-procurement software has further stimulated this process.

There are some significant differences between public and private sector tenders.

Traditionally, public sector procurement was split into three stages: Expression of Interest (EOI) Pre-qualification Questionnaire (PQQ) Invitation to tender (ITT)