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Know Why tenders online and why Tendering Mandatory?

Know Why tenders online and why Tendering Mandatory?
why tenders online & Mandatory

Why Tenders? Online

  1. Total transparency in procurement.
  2. Everyone gets equal chance to participate.
  3. Competition is higher.
  4. Prices are lower.
  5. No Cartel.

Is Tendering Mandatory?


Yes. By Law it is mandatory for Government agencies.

  1. In India, Central Vigilance Commission lays down Tendering rules and regulations.
  2. Each State Government have their own tendering policy, generally prepared by PWD ( Public Work Department)
  3. Multilateral Development Banks like World Bank, ADB (Asian Development Bank) procurement Guidelines
  4. Each Country has its own Procurement norms.
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