The trend of eTendering in NEW has since been simplified from the long and cumbersome conventional process, where both supplier and buyer organisations have to wait for months at a time to finalise a deal which can be expensive for both sides.
To simply put, eTendering is the process of online procurement. So, the entire process of tendering, right from posting the requirement until the finalisation of the contract is facilitated online. This even includes the exchange of necessary documents.
However, besides providing the ease of working with the omnipresent internet, eTendering allows a lot of other benefits as well. So, before browsing for open tenders in NSW, read on to know about a better way of bidding.
When we talk about tenders, there are multiple stages to cross before the final results. Even after you have completed your tender writing training, there still remains a lot of work to do.
Almost every step involved in the process of procuring tenders is about paperwork and documentation. From filling up the PQQ (pre-qualification questionnaire) to negotiation and award, eTendering helps in shortening the time duration of the process by fully automating these steps.
With eTendering, potential bidders can be invited with much ease and negotiations can be regulated with minimum efforts.
Easy management of bids
Instead of juggling between multiple systems for sorting and selecting suitable bidders, eTendering allows you to organise the process of managing bidders in a much simpler way.
A sophisticated eTendering system will automate the process of invitation and submissions’ management, rendering you the time to look after more important things than going through multiple submissions to make sure they are sent as per guidelines.
While submitting proposals, mostly, people use their own formats and it becomes difficult for the buyer company to arrange all the information in useful categories. However, in the case of eTendering, one can create common layouts for information submission, making the whole process of sorting bidders hassle-free.
Also, this way, the data will already be standardised in a common format and no one company will have the advantage over the other because of their format design.
And when you have an online submission format, you can choose to make certain fields mandatory without which no one will be able to submit the form and that means zero non-compliant bids.
In the end
eTendering reduces the lead time of the tender, gives you a faster and more accurate management system, and nearly eliminates the labour-intensive tasks of the process. With varying levels of sophisticated eTendering systems available, you can choose the one which fits your needs the best.
Hiring a professional will surely give you an advantage in the process, but it is also important to choose one with at least ten years experience and a solid portfolio of case studies to showcase their work, therefore consider Madrigal Communications, the expert tender writers in Sydney.