About Tenders

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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.

Why Tenders are published in Newspapers?
Tenders are published in newspapers for the following reasons :

• It is a mandatory requirement for Government Organization from Transparency point of view.<.li>
• For wider publicity & ensuring better & higher response from bidders from across the world.
• To ensure that everyone gets equal opportunity to participate in a tender & transparency is maintained.
• As per CVC (Central Vigilance Commission), now tenders can also be published on Websites.
• The cost of publishing Tender in Newspaper is very high, and hence the same is recovered from bidders by means of selling them Tender Documents Fee.
• This is also a good tool that ruling Government (political party in Power) has to control the media (the press) from writing against them. If you publish articles against the Government, the Government will stop giving tender advertisement in that newspaper.

• Limited or Closed Tender
• ICB or International Competitive Bidding
• NCB or National Competitive Bidding
• RFP or Request for Proposal
• RFQ or Request for Quote
• RFI or Request for Information - Similar to RFP
• EOI - Expression of Interest - Similar to RFP