Steps involved in Procurement Cycle Until the final Award of Contracts

1. www.tendertiger.com steps involved in procurement cycle  to the final award of contracts www.tendertiger.com sales@tendertiger.com 9727773437 Tendertiger helps You win Tenders

2. www.tendertiger.com www.tendertiger.com sales@tendertiger.com 9727773437 Tendertiger helps You win Tenders

3. www.tendertiger.com following are the steps involved in procurement cycle to the final award of contracts Requirement Definition Tendering or Sourcing Evaluation or selection Contract Award www.tendertiger.com sales@tendertiger.com 9727773437 Tendertiger helps You win Tenders

4. www.tendertiger.com 1) Requirement definition: the organization defines their end goals and what all will be required to achieve them. 2) tendering or sourcing: Once the requirements have been defined the organization will begin searching for the right supplier. usually this is either done by contacting identified/established suppliers. or by creating RFQ/RFP request for Quotation/Proposal wherein the the organization invites other businesses to “bid”. www.tendertiger.com sales@tendertiger.com 9727773437 Tendertiger helps You win Tenders

5. www.tendertiger.com 1) Requirement definition: the organization defines their end goals and what all will be required to achieve them. 3) Evaluation or Selection: the suppliers will send their proposals in the form of documents of work and final price the organization will first evaluate work quality and filter out the ones who don’t meet their criteria 4) Contract Award: after evaluation of work the organization will give the supplier the contract for the project. usually it is called as “contract award” for government tender www.tendertiger.com sales@tendertiger.com 9727773437 Tendertiger helps You win Tenders