Definition / Meaning of Tender
To invite bids for a project, or to accept a formal offer such as a takeover bid. Tender
usually refers to the process whereby governments invite bids for large projects that must be
What is Tendering?
is the process of making an offer, bid or proposal, or expressing interest in response to an invitation or request for tender. Organizations will seek other businesses to respond to a particular need, such as the supply of goods and services, and will select an offer or tender that meets their needs and provides the best value for money.
Tender request documents
; also referred to as invitations to tender, Requests for Tender
(RFT), Requests for Proposal (RFP) etc outline what is required, that is, what the requesting organization’s needs are. These documents also outline the particular requirements, criteria, and instructions that are to be followed.
are generally widely advertised to offer opportunities to a number of suppliers, encourage competition and provide a greater pool of offers to select from.
Interested suppliers will then prepare a tender; the documents that outline the offer that they are making, and will include pricing, schedules as well as their eligibility for the project or procurement. They will outline their advantage over competitors; provide information on qualifications, competencies and experience. Further they have to demonstrate how their bid offers the best value for money.
The submitted tenders
are then evaluated with regard to defined criteria. In a normal tendering situation, this process should be conducted fairly and honestly, and in a manner that is free from bias or favour. The offer that best meets all of the requirements outlined in the request, and provides value for money should win the contract.
The tendering process is generally utilised for procurement or contracts involving substantial amounts of money. Tendering is utilised by:
- Government departments, offices and agencies
- Private sector companies and businesses
- Non Government Organizations
- Overseas markets and businesses
While the concept of tendering may seem daunting at first, it can be easily tackled by having a plan of ‘attack’. When becoming involved in a tendering process, it is important to understand your business’ suitability for the project; whether your business’ current situation will allow for you to tender, as well as your ability to manage the contract if you are successful in winning the tender. By understanding these points and ensuring you can demonstrate that you are able to meet the criteria and offer a competitive bid, you will increase your chances of success.
Search all local Tender for Ups. Download Ups Tender Documents. Till date 2500 Ups tenders are published by various Tendering Authorities & Private companies. 160 live Tender Notices for Ups are available in Ups Tender section. Filter tenders to view Ups Tenders in Maharashtra, Gujarat, Delhi etc.
Few Sample Tenders related to UPS Tenders are given as below :
- BID For purchasing UPS Batteries and Scrape Old UPS Batteries
- AMC FOR COMPUTER SYSTEMS, PRINTERS, TOUCH SCREEN KIOSK AND UPS
- Supply of 40 KVA online UPS
- Empanelment for Supply,installation and Maintenance of UPS Systems and Batteries.
- Plan 2016-17- Maintenance of UPS and battery for SCADA, Tvm WSS
there are many UPS Tenders are available on tendermines.com
for UPS tender information Subscription call on +91 9099090533
Four transmission links will be set up through the PPP route, and two by Indian Railways, as part of a strategy to reduce electricity bills
The railway tenders for transmission links comes in the backdrop of it buying electricity directly from suppliers of its choice rather than state electricity boards.
New Delhi: As part of a strategy to reduce its electricity bills, Indian Railways plans to award tenders worth around Rs 8,000 crore to set up a dedicated electricity transmission network.
The national transporter, which announced a Rs41,000 crore cost-saving exercise earlier this week, will award six tenders. Four transmission links will be set up through the public-private partnership route, and two by Indian Railways itself.
The transmission play by India’s largest electricity consumer comes in the backdrop of Indian Railways buying electricity directly from suppliers of its choice rather than state electricity boards (SEBs). It also has a 1,000-megawatt captive power plant at Nabinagar, Bihar.
“We plan to set up a country-wide electricity transmission network,” said a railway ministry official on condition of anonymity.
For starters, these transmission links will be between Mughal Sarai-Howrah; Delhi-Chennai; Delhi-Mumbai; Mumbai-Howrah; Chennai-Mumbai; and Chennai-Howrah.
News Source: LiveMint