Online tender applications are a great place to start when looking for ways to grow your business or MSME. It is easy, transparent, quick, and seamless. It is difficult to find the right tender, apply for it and then get the tender. This article will provide you with important tips and tricks to help you get a tender in India.
Brief introduction to tendering in India
The Government of India (GoI), has made significant changes in public and private procurement over the past few years. This includes the establishment of an e–procurement system and portals such as CPPP Public Procurement, and other e–portals for public and private procuring.
Both buyers and sellers can follow these guidelines to automate the electronic procurement process. They also provide transparency to allow businesses to take advantage of tendering opportunities.
As a result, more companies are applying online for tenders to grow their businesses. Although the process is straightforward, it is important to follow the steps. These are some easy, efficient and crucial tips to help you find the right tender and apply for it.
Here are 7 tips for tender applications and how to get them
You will need to locate a suitable tender before you can apply for one. Newspapers are still relevant but, you will also be able to search the government portal or several genuine tender listing websites for the latest tenders. This will save you both time and money, as well as help you locate tenders that are relevant to your industry and gather all necessary tender information.
nexarc, a Tata Enterprise, is a digital platform that helps emerging Indian businesses find the right leads and opportunities through its Tenders & Quotes offering. You can search and view the latest tenders from both government and private sector (including Tata Group companies), respond to tenders, and even create your own requirements.
These are some tips and tricks to help you locate, apply, and receive tenders online.
#1 Register on government and private portals
Register on the eProcurement portals to be able to bid on tenders that have been published.
These portals include CPPP as well as private portals, and offer detailed information on each tendering opportunity. The CPPP displays all tender inquiries that Central Government companies publish. Registration on the portal is completely free.
Bidders who register will receive a personal dashboard that allows them to manage their account, view active tenders and get tender alerts. They can also check bid history, upload documents, and check the most recent tenders.
Simply put, if you are interested in applying for a tender, and getting it, first register yourself.
#2 Learn the tender selection criteria
You will find hundreds of tenders across many industries and locations. Not all will be relevant. You, as a supplier or bidder, need to be familiar with the terms and conditions set out by the Procuring Entity in the Request for Proposal. Then you can identify the tenders that are most appropriate.
An RFP contains tender information such as an invitation to bid. You will also find other documents such as the following:
- Invitation to Pre-Qualify
- Invitation to Enlist
- Notice Inviting tenders, RFP or Invitation to bid
It is a good idea to read these documents as a bidder in order to better understand the requirements of the Procuring entity and decide whether you should submit a tender.
You can take into consideration different types of e-Procurement . To determine which one is best for you, it’s important to understand each one.
#3 Get tender details as soon as possible
Business growth is possible with a new tender opportunity. It is impossible to miss a tender.
All necessary tender details are displayed on portals for e-tendering India including any updates or changes made, and the last date for applications. This allows bidders to submit their bids for the relevant tenders promptly and ensures that they never miss an opportunity to do business.
To ensure you are up-to-date on tender information and your application status, it is a good idea to regularly check tender portals for updates, tender news, or other relevant information.
Registering on nexarc , for example, makes it much easier. You won’t miss any opportunities because the dashboard displays all pertinent updates, alerts and information.
Keep important documents close at hand
There are many documents required when submitting a tender. Before you begin the application process, it is important to have a variety of documents ready. This will save you time and make your application foolproof.
In the case of CPPP, for example, the bidder must have a Class3 Digital Signature Certificate(DSC) 24 hours prior to the DSC registration on CPPP to be eligible to participate in the etendering process.
The CPPP allows bidders to upload and store important documents. This will allow the bidder have all the necessary documents at his disposal when he places the bid.
#5 Find relevant tenders
Bidders must find Indian tenders that match their products or services.
You must review the requirements of the Procuring Entity to determine if they are capable of fulfilling them. It is a waste of time and money to apply for non-relevant tenders.
It is important to update company information on portals in order to get the best opportunities.
nexarc is a platform that allows you to search for open tenders. You can also look at our list of active tenders to find more opportunities and then respond to the ones that are most relevant for your business.
#6 Stand out from the rest by showcasing your products and services
Bidders should ensure that their business offerings are presented in a way that is comparable to the competition.
The Procuring Entity will accept a bidder proposal that clearly defines the USP of the business and identifies the ways in which the business offers are different from other competitors.
#7 Quote Reasonably
Set a reasonable price. Bidders’ eligibility is often dependent on the Bidders Elimination Process (BEP), which the Procuring Entity establishes. This restricts bidders from participating because of unreasonable prices.
It is recommended that you refer to the Notice Inviting tender/ tender documents, study the market, and average price market pricing, then quote a figure that is reasonable, good for your business.
E-Tendering India automates procurement and allows bidders to reach the right buyers at the right moment. To get a tender to grow your business, you must plan, organize, keep up-to-date, and apply.
is a digital platform that enables emerging Indian businesses to grow. We enable buyers and sellers to connect on one platform. To make sure you get the most out of every opportunity, we keep the search process easy and efficient. Register now on Nexarc to view and respond to all the available tenders.