All About the Tenders.
1. Why to create tenders and who floats it?
A buyer which can be either Government or Large Private Company , can float a Tender as and when they need to buy Goods, hire services or construct something. Generally tenders are floated by Government as it is a mandatory requirement for them.
A Seller which can be either Government or Large Private Company , can float a tender for selling used machinery, scrap or surplus products. Generally Government floats sell tenders it is a mandatory requirement for them.
Please visit the https://morth.eproc.in to view thousands of the tenders.
Please visit the https://morth.eproc.in to view thousands of the tenders.
Why to creates the tenders?
Tenders are open invitation to buy or sell goods/services/contracts. Those who are interested in supplying what has been advertised, can respond to a Tender & submit their best competitive offer. The best competitive offer (Lowest Bidder or L1)is generally selected & the contract is awarded to L1 Bidder.
COMMON IRREGULARITIES/LAPSES OBSERVED IN AWARD OF
ELECTRICAL, MECHANICAL AND OTHER ALLIED CONTRACTS AND
GUIDELINES FOR IMPROVEMENT THEREOF. COMMON IRREGULARITIESTender Stages:-
Tender stage in public procurement can be sub-divided under four headings)
Preparation of tender document
ii) Inviting and opening of tenders
iii) Pre-qualification
iv) Evaluation of bids and award of work
iv) Evaluation of bids and award of work
ILLUSTRATIVE
CHECK POINTS FOR
VARIOUS
STAGES OF PUBLIC PROCUREMENT
Check Points for Public Procurement
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