The process of managing a tender through web-based electronic document management, also known as e-tendering or e-tendering, enables buyers and suppliers to share information about tender opportunities through the use of internet-based technologies. Using a safe login, tender documents must be uploaded to a password-protected website.
Within the same system, opportunities can be advertised, offered, and awarded.During the tender process, buyers and suppliers can manage their interactions as well as the communication of documents and information online by utilizing secure web-based collaborative tools.
Traditional tendering has its drawbacks, such as the cost of printing multiple copies of tender information for each supplier on CDs or hard copies, the length of time it takes to complete, the amount of time spent waiting for postal deliveries, and the limitations on file sizes that come with emailing documents. Etendering is a modern solution to these issues.While “etendering,” or sending tender documents online, is a modern method of tender distribution, what advantages does it offer over other methods?1. Reduce expenses: Even with small tenders sent to few contractors, etendering is significantly less expensive than printing documents and mailing them.