Reasons for Growth of Development Tenders
While the requirements are huge, official agencies of the country are not finding themselves up to the mark for attending to all these challenges. Sometimes it is the lack of infrastructure, at other times it is the resources, and yet at other times the fact that the number of tasks to be accomplished are huge, have all contributed substantially to growth of development tenders in the country during the last couple of decades.
Globalization and Privatization Impacts
Gradual shift from centralized executive of development projects, the country is experiencing a shift towards globalization and privatization of the process. Liberal economic and investment policies have now resulted in further expansion and globalization of the development market. Numerous development tenders are floated in the market since most of the big projects are carried out using the development tenders, they offer excellent opportunities for all types of enterprises to bid, win, and make substantial profits.
Types of Development Tenders and Opportunities
Development tenders cover a wide spectrum of fields. In fact the opportunities are vast and divergent in nature. Some of the most important sectors where such tenders are regularly floated include –
- Construction sector that includes road, buildings, and technical structures that are required to make the project operational.
- Irrigation and water management sector that includes construction and management of dams, channels, canals, and related structures.
- Environment sector that includes plantation, avenue plantation, social forestry, water harvesting structure creations, energy efficient buildings and structures preventing harmful gaseous emissions, and temperature control projects.
- Agriculture sector where development of agriculture, farming, and development of cultivation including land development.
- Various other sectors are also there where such tenders are floated regularly.
Development Tender Sources
Greatest source of development tenders is Government, both central and state. Every year they make provisions of thousands of crores of rupees in budget for development projects. Objectives of most of these projects are improvement of the vulnerable sectors of the society and downtrodden people in the country. At the same time, they also aim at providing the vast population of the country to have a better standard of life. It could be better educational facilities, healthcare facilities, providing drinking water or water for irrigation, or providing communication facilities, power, or telecommunication, every sector offers best opportunities for the entrepreneurs with opportunities to bid for and win the tenders for making substantial profits.
At the same time the bidder participates in the development of a growing economy.