Online tenders bring a lot of positive features in the tendering and contracting business. It can be accessed anytime, from anywhere of the world. High effectiveness, mass reach, easy access to information and the details, and more importantly, reducing the high cost of processing public sector tender in terms of time and funds.
The emergence of the Internet has changed the bidding process totally. For e.g. bidding for an online contest will endow with an additional plus point for the government and its people, minimizing corruption. Saves your time and you can handle things more efficiently. With the advent of the online tender system, the bidding has become less consuming and is cheaper.
To call attention to its many beneficial properties, it is extremely important that the positive factors of electronic procurement should be noted and brought to the attention. People should do to understand that the process of submitting tenders online is much simpler and easier to manual submission of bids. Even contractors, technicians and engineers are well aware of the benefits of e-procurement and transparency offered. It is the ideal solution to combat corruption in the highest levels of tendering like railway tenders, IT tenders and other procurement.