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Purchase and procurement of goods through tender service is an age old technique followed, especially in the public sector units like government and semi government institutions where transparency in work is always a highlighted issue. Services or materials as per requirement are asked for or offered publicly and broadcasted to providers or suppliers. The suppliers and /or service providers, in turn, participate in bidding prices and there is a competition of quotes on offer which is judged by the tender calling party to ultimately accept the best one judged. Thus tendering is widely accepted as an excellent process to generate more business and new opportunities for a player in the market, through automatic promotion of the brand. In the process of giving opportunities to anybody and everybody interested in bidding for an offer, tendering process believes to provide fair chances to everyone thus promoting a healthy competition between suppliers and service providers. This results into best value for money so as to say, both for users and purchasers. It is believed, any of the bidders in a tender process, at least has a chance to win a one tender out of every three bided for, as a successful tender process requires at least three bids. Tender, traditionally get advertised in newspapers and tender rules too have been set by making it mandatory to advertise tenders, according to the tender value, in widely circulated newspapers. However, these days tendering process has taken up the electronic course where e-tender process is practiced through the Internet. While on one side when it saves the botheration of going to a newspaper officer to advertise the tender; on the other side, it gives a more secured way of tendering through the organization's own website over the Internet. To add to that, there are electronic tender advertising websites who promote different tenders of different organizations in their webpage which can be downloaded by interested bidders against payment of a fixed rate and can participate in the tendering process. But when there is the wide elaborated process of public tendering in practice extensively, there is also another option in case of special bidding required from specialist service provider which is called single written tender closed tender with three tender submissions for a much lower value of work. This can often be a negotiated tendering method with restricted entries of bidders or participants. But this method is generally done away with as honesty and transparency is often questioned in this method of tender quotation. However tender quotation approach is often not liked by major companies who refrain from participating in tender has their brand attached to great values and they do not wish to contest with their products. Thus, while tendering, one may remain assured of big brands not participating in the Government Tenders quotation process. Moreover in a bid to win the tender, small companies may take up dishonest ways in the process to win bid by compromising in qualities to decrease the price of the product or service with poor class product and /or cheaper labors. Open tenders may also sometimes proved to be a lengthy process thus taking out interests from major companies with busy schedules. For more information please visit : tenderserve.co.uk click here for more information about Government Tenders This content has been taken from : http://tenderserveseo.wordpress.com/2013/07/30/servicing-with-tendering-service/
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