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.