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4 Key Steps Involved in the Tendering Process

Bidders can seek out the services of any company offering consultancy services for tenders in order to acquire assistance for qualifying the various stages involved in the bidding cycle, and subsequently securing the contract. <br>

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4 Key Steps Involved in the Tendering Process

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  1. Consultancy Services Tenders 4 Key Steps Involved in the Tendering Process

  2. Introduction:- Tendering is known to be a meticulous system with the help of which large-scale corporate and governmental organizations invite bids for projects that involve a considerable sum of investment and are required to be completed within a fixed deadline. This systematic process involves a number of elements. Some of the key steps involved in the tendering process have been mentioned in the following slides.

  3. Identifying the ideal contracts The first step of applying for a tender includes sourcing the various contracts floating in the market and identifying the relevant ones. These contracts can be tracked on the basis of their industry and location through the website of any renowned firm that offers consultancy services for tenders.

  4. Interested bidders can check out such websites to find the latest and accurate details of various tenders floating in the market and acquire up-to-date information on them. While sourcing the contracts, bidders should take into consider their overall experience, certifications, affiliations and ability to complete the project on time.

  5. Expression of interest After identifying the ideal contracts, the interested bidders would be required to let the buyers know about their interest in the relevant project. After the submission of the expression of interest or EOI, further documentation would be provided to the bidders, in the form of pre-qualification questionnaire (PQQ) and even the Invitation to tender (ITT) at times.

  6. Filling of Pre-qualification questionnaire (PQQ) This is one of the vital steps involved in the bidding cycle. This step aims at eliminating the candidates who are not qualified enough to win the contract. The tender review board evaluates all the PQQ submitted by the bidders majorly on the basis of their skills and experience. Therefor it is crucial for the bidders to provide adequate evidence of their capabilities and skills at this stage.

  7. Invitation to tender (ITT) The bidders qualifying the PQQ stage ultimately receive the invitation to tender (ITT). This is basically a request for a proposal that should underline what the bidders can do to complete the project with the highest efficiency within the given timeframe. At this stage, the bidders should focus on how they can add more value to the contract and subsequently highlight their unique selling proposition (USP).

  8. Bidders can seek out the services of any company offering consultancy services for tenders in order to acquire assistance for qualifying the various stages involved in the bidding cycle, and subsequently securing the contract.

  9. Contact Us:- Toll Free Number: +91- 96190 81847 Website: www.biddetail.com

  10. Thank You !

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