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eTendering
What is e-Tendering?
E Tendering is a process of carrying out entire Tendering Cycle Online including submission of Price Bid such that Efficiency, Economy, Speed of Internet can be harnessed.

Benefits of e-Tendering:
  • Completely Automated Process
  • Shortens Procurement Cycle
  • Economical and Environment Friendly
  • Greater Transparency
  • Improvement in work culture in the departments
  • System aided Evaluation process
  • On the fly reports/comparatives statement
  • Minimize Human errors
  • Minimal Storage Spaces
  • Change in Perception – Progressive Organization
  • Lesser hassle of communication and administration
 
Benefits to Suppliers/Contractors:
  • Anytime & Anywhere Bidding
  • Fair, Free and Fearless participation for vendors.
  • No dependence on Newspaper, Courier, Banks
  • Zero Administrative hassles
  • Can carry out all activities from any computer
  • Economical – saving on Traveling cost
  • Reduces efforts & cost of bidding
  • No tenders can be missed because of distance
  • Can submit bid on last minute.
Is e-Tendering Secure?
  • E Tendering Challenges
  • Detecting whether document is Tampered or not
  • Identifying a person in the faceless world of Internet
  • Non Repudiation
  • Document Secrecy
  • Bidding should not be allowed after due date and time
  • Bids cannot be opened before due date and time
  • Bids can only be opened by authorized officers
Manual Vs E Tendering System:

Manual Tendering System

E - Tendering System
  • Longer Procurement Cycle
  • Shorter Procurement Cycle
  • Expensive
  • Economical – Fixed Cost
  • Paper Based Procurement
  • Environmentally Friendly
  • Restricted Mobility
  • Anytime – Anywhere Bidding
  • No work on Holidays
  • Bidding possible on Holidays
  • Prone to Human errors
  • Automated & Accurate process
  • Content not sharable
  • Shareable Content
  • Physical Security
  • Foolproof Security
  • Wastage of space to store bids
  • Lifelong storage on CD
  • Not retrievable
  • One click access to bids
  • Ideal till 2003
  • For year 2004 & Beyond
Ease of e-Tendering –Tender Cycle:
e-Tendering involves following phases as per convential tendering systems.
  • Phase 1: Pre Tendering Activities
  • Phase 2: Tendering Cycle
  • Phase 3: Post Tendering Activities
Secure Electronic Tendering Process:
  • We follow the following process for secure Bid Submission & Opening
  • Create Bid
  • Generate Hash
  • Generate Attached Signature (Bid + Digital Signature)
  • Data Enveloping/Encryption using Public Key of Digital Certificate
  • Bid Submission using SSL
  • Tender Opening Date & Time Verification
  • Tender Opening Rights Verification of the Officer
  • Biometric Verification of the Officer
  • Data De-enveloping/Decryption using Public Key of Digital Certificate
  • Signature Verification
  • Hash Verification
  • Original Bid
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