Latest Tenders Has Offered New Business Opportunities
Any proposal offered by a company, which requests feedback from the suppliers to meet the company's requirements is called a tender
. Tenders are bound to business proposals and are divided into three categories work tenders, supply tenders and service tenders. These tenders are published time-to time by companies in newspapers, online websites and other media sources. Online applying for attender is most preferable as these web portals are regularly updated with the latest tenders availability. While searching these sites you can also apply for government tenders like Indian Oil Corporation tenders 2011 and Bharat Petroleum tenders 2011. Launch of E-procurement method has reduced tender processing time and also substantially reduced costs for the government and private sectors.
Latest tenders offered by companies are of following kinds:
Limited Tendering: It involves offering tenders to a limited number of tenders. It is supposed in limited tendering that the bidders are well known to the clients for their capability.
Open Tendering:It offers tender to any supplier who can request for materials to meet their requirements. This type of tender is also known as free tender and is beneficial for development of companies.Even Bharat Petroleum tenders 2011 have also offered a section for free tendering.
Single Tendering:It involves sending the tenders to a particular tenderer. This is generally done to supplier who exists solely for an item, or in the case of the purchaser who has built up confidence over a single individual.
Verbal Tendering: It is used for emergency situations as there is hardly enough time to wait for quoting of the supplier. This is usually done by conversation over the telephone.
Indian Oil Corporation tenders 2011 offers all ways of tendering to the tenders. Although the tender notice includes same format of application and includes following information:
1. Type of item and its detailed information
2. Information about the tendering authority
3. Reference number, date, cost and last date for collection of bidding documents
4. Due date and time for completion of tender application
5. Any other instructions or notices
Earlier tenders issued by government or private sectors were published through offline media sources.Several tenders fail to fill application due to passing of submission date as they get the information about these tenders few days after it has been published. But after the rise of internet, web portals are becoming active in sending such information as quickly as possible to people all over the world. Latest tenders are updated on these sites and one can even download form or fill application online.
by: maaya mehta
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