Online tendering : cost effective and time saving alternative towards fair tendering

Abstract

A tender is a document that a purchasing agent publishes to announce his request for certain goods or services and through this process an offer is made by the buyer to accomplish work at an acknowledged price by the supplier. The intent of the Online Tendering is to develop, promote and manage an internetbased tender registration, document distribution, proposal submission and Internet based payment of Tender document and earnest money deposit system for the benefit of suppliers and buyers. In our proposed Online Tendering system the buyers can publish their tender notice and the offer is made by the suppliers is arranged by the system according to the buyers specification. The system also handles the payment procedure and generates reports at each step to control the Tender process in a well-organized manner.