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Important Features of the Tendering Process

If you want to know about the latest national and international tenders floating in all sectors of the economy, then you should definitely visit the website of Bid Detail.

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Important Features of the Tendering Process

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  1. Tenders in Zimbabwe Important Features of the Tendering Process

  2. Introduction Tendering is one of the most popular methods of completing projects which require high investments. With the help of this system, a company can ensure that they get the absolute best products or services from the supplier at the most cost effective price quote. Due to its systematic procedure, absolute transparency and objectivity is maintained in the tendering process.

  3. What is a tender? A tender is basically a system of inviting bids for a large project or contract. An organization, whether private or public, will float a tender with the specifications and framework of the relevant project and invite bids from all competent and interested companies operating in that sector. The bids would subsequently be evaluated on the basis of quality and price, and the contract would be awarded to the enterprise quoting the lowest price for the finest quality of product. Some of the prominent features of the tendering process have been mentioned in the following slides.

  4. Deadline All interested vendors and contractors must submit their bids within the deadline mentioned in the tender document. Any bids submitted after the deadline is not taken into account in this system. Tenders floating in the market are usually advertised in multiple mediums for a significant amount of time to give all interested parties an adequate chance to submit their bids.

  5. Evaluation The bids summited in the tendering process are assessed on the basis of price and quality. Therefore, the vendor quoting the lowest price for the highest quality product is awarded the contract without any further negotiations. This straightforward and unbiased system lays emphasis on value for money, and also encourages transparency and an environment of healthy competition in the market. This system also minimalizes the opportunities for discrimination and partiality.

  6. Scope The tendering process is ideally only used when the procurement to be done or contract being undertaken is substantial in size and scope. For example, large construction projects and government infrastructural projects are often completed through tendering. Usually a huge sum of investment is required in these projects. Therefore it is important to ensure the proper execution of a tender.

  7. Best place to get information about tenders If you want to know about the latest national and international tenders floating in all sectors of the economy, then you should definitely visit the website of Bid Detail. It is a renowned online portal through which you can get up-to-date and accurate information about various tenders. From their website you can get details about South Africa, Swaziland, Zambia, and Zimbabwe tenders, as well as of other countries located in Southern Africa or other rapidly developing parts of the world.

  8. Contact Us:- Toll Free Number: +91- 96190 81847 Website: www.biddetail.com

  9. Thank You !

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