While global government tender can be floated on the traditional media, floating such tenders online is an easier and much more convenient option both economically and for reaching the target viewers. With the internet in action, information about such global tenders can reach the remotest corners of the globe in no time and this brings up huge opportunities for a much more intense fight for winning the tender. Many qualitative bidders overseas may come forward to bid on such tenders that otherwise might not have been possible. Naturally it is a big advantage for the requestor. Similarly, for bidders overseas, it is the opportunity to have clear knowledge of the opportunities they might have in a foreign country. In most cases it is beneficial mutually for the requestor and the bidder.
Why Online Global Government Tender?
- Traditional process of tenders are time taking. After the tender advertisement is published, bidders submit their proposals. These proposals are thereafter evaluated and the best one wins the bid. But the formalities and process is too long and cumbersome. Moreover global tenders will involve huge expenses.
- Global tenders online is a much better option since it does not have so many paper works and formalities to be covered. Although it does not dispense with the essential elements of tenders and bidding for them, it is much easier floating and responding tenders online and the cost is insignificant in comparison to the traditional processes.
- In case of global tenders the companies floating them have access to bidders from all locations and bidders on turn have access to tenders floated from all locations. Bids can also be changed from time to time before the due date and this won’t have been possible in traditional paper based tender bids.
One of the largest users of information technology, government of India is now floating numerous global tenders on line. This gives the corporate world a greater and better chance of cracking important tenders that would have gone unnoticed earlier. Information about every global government tender is available on the official portal of Government of India and other state governments.
There are also other informative and educative websites that offer such information on the global tenders floated by central or state governments in India.