In the modern era of digitisation, ICT, IoT, Technology and paperless economy driving the forces of e-governance, tendering and procurement processes for the government has all taken a shift towards the online platforms and both centrally as well as state government wise, all departments and administrations rely on the internet for e-procurement and e tendering opportunities. For example, the state of West Bengal has a dedicated WB e tender portal while the state of Himachal Pradesh has its own HP e tender portal to release the listings of their projects and call for suitable bids. As a business trying to thrive in such a competitive digital market, it becomes highly important for you to keep yourself updated regarding the latest developments in the area of e tendering.
Let’s take the example of two states in different regions of the country – West Bengal and Himachal Pradesh. Both these states are rolling out bidding opportunities online through their dedicated portals. If you know the system inside out, finding an opportunity that will suit your business just about right won’t be a problem for you. But if you’re a new entrant or someone with limited knowledge of the digital world, you might find yourself lost in the vast pool of listings in these web portals. That’s when web portals like BidAssist come into play. Here you find a guiding sequence of tips and tricks. Be it for an HP e tender in the travel department or a WB e tender in the PWD list, you can find your preferred listings easily on the portal.
If you are a young Entrepreneur, you are always working hard to expand your company, but you may feel too small to compete for government contracts when it comes to winning large contracts like private or government tenders. This kind of thinking prevents a developing SME from growing as quickly in the tendering industry. As a result, you wind yourself on the same level as before without any new knowledge to foster your progress. In order to make the process of placing an online bid for government contracts more straightforward, we have created a very short overview and step-by-step guide for you to keep on hand.
FIND THE IDEAL OPPORTUNITY FOR YOUR BUSINESS
The first and most important stage in an e tendering process is this. This is due to the large number of tenders that are available every day in the market. You must be aware that you cannot bid on every government contract that you find online or offline. Not only is it a waste of time, but also of money, manpower, and other resources. Applying for every government contract that comes your way merely because it relates to the work of your firm will not, obviously, make you more successful. With no noteworthy, high-quality projects to brag about, this way of winning contracts will simply worsen the situation and increase the number of tenders you submit. We advise you to understand how to narrow down the best tender from this pool of prospects (either via experience or competitive analysis). This will help you save time as you select the best projects for the expansion of your firm. There are also more than 7000 government agencies in India, and each day, they announce government bids. Examples include the Odisha e tenders, Jharkhand e tenders, Indian Railways, NHAI, PWD, MES, and several more. It is difficult for a bidder to keep track of numerous bids, therefore joining online portals that compile tenders from many sources is a wonderful time-saving strategy. In addition to compiling tenders from several legal websites, BidAssist offers subscribers access to more than thousands of new tenders each day, be it a WB e tender or an HP e tender. Additionally, they have a sophisticated search filter that enables you to focus on attractive tender chances from a variety of industries, locales, and institutions in order to assist you in selecting the best offer for the expansion of your firm. Therefore, signing up for an online tender aggregator site guarantees that new and business-related government tenders are easily found.
HOW TO CHOOSE THE BEST e TENDER:
On the basis of the heat map between your firm and the tender specifications, you can now narrow down the government tenders you wish to submit a bid for. Make sure you comply with any specific requirements they may have, such as the requirement for prior audited books of three or five years, and provide the necessary paperwork. Compare the tender size to your company’s annual revenue. We advise looking for another tender if the amount of the proposed offer is 25% or greater than your company’s yearly revenue. This is because the buyer will already decide against you in this situation since they don’t want you to cut corners on the quality of your services because of the scope of their contract. Try to get any government contracts where the requirements line up with your company’s key skills. Choose tenders that are relevant to those aspects of your organisation that may make up a very tiny fraction; otherwise, your chances of winning will be significantly reduced. It’s usually a plus to include client testimonials as well.
IMPORTANT CRITERIA FOR EFFECTIVELY WINNING A LARGE E- GOVERNMENT CONTRACT:
Collaboration: A positive means of competition. This choice is made if you believe that you would want to solicit the assistance of another SME’s expertise in order to better meet some of the tender requirements. Your chances of performing better in the buyer testing criteria will rise as a result. The most important task you must complete is, of course, meeting the deadline for tender submission. This is the point where creating your own library becomes really important. To prevent delays in tender submission, keep crucial documents relevant to your organisation and business close to hand. To improve your chances of winning the tender you want, you must also maintain updating from time to time with the most recent projects you’ve won and skills you’ve added.
TAKE USE OF E TENDERING POSSIBILITIES:
In the twenty-first century, online enrolment is a requirement for bidders. You, as a bidder, need to be there in order to not miss the bus since the majority of authorities and commercial proposers are moving their bidding operations online. You can visit particular websites like Central Public Procurement Portal or state official websites to submit an application for public contracts online. If having issues, you can take assistance from BidAssist in finding tenders and placing bids too.
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