For companies wishing to land government contracts, bidding on public tenders might provide a profitable prospect. This procedure may be difficult, however, and many possible hazards can cause expensive errors. Whether you have experience bidding or not, success depends on…

Businesses and companies wishing to acquire products or services must first tender. Knowing the do’s and don’ts of the tender process can help you, regardless of experience level with procurement, greatly increase your success rate. Often, winning a tender opportunity…

There is enough clout on the topic of writing an effective bid to secure a government tender In essence, the art of bid writing is case specific and requires astute understanding of the technical nature of the bid. However, it…

When dealing in government tenders, a key construct to understand is the difference between the terms tenders and contracts. While they are interchangeable and can be used, they have a thin line of difference and are important constructs while considering…

Electronic procurement is the advent of procurement happening through an electronic portal, usually a website or a supplier buyer exchange, that allows ordering and purchasing of goods and services online. It is a business to business process that is largely…

Tender management is an important component and a key term for understanding in the business and procurement context. The term tender management is used for the end to end process of identifying, managing and following up of tendering activities. It…

Construction projects are one of the most sought after due to the large amount of contracts floated worldwide. As technologies evolve, construction projects increase since all nations want to equip themselves with the latest infrastructure. In such an environment, construction…

It is often confusing to understand the various acronyms used in public procurement and its associated interpretations. Authorities use various acronyms depending on their readiness to buy the product or service making it imperative for buyers to understand these differences…

If you’re a business owner looking for contracts to boost your business it is important for you to understand the basic yet subtle differences between public and private procurement. The complexities of the business world make it important to realize…