Contracts and Accounts

Practical no : 1
Topic : E- TENDERING AND ITS EVOLUTION
• What is E-Tendering ?
• How is its evolution ?
 Introduction
• Name : Aarti Chandrakant Zanje
• Roll no : 51
• Sub : CAA
 E-Tendering
• Electronic tender, or eTender, is the process of sending and receiving
bid tenders using online procurement platforms. eTendering makes a
huge difference to the procurement process as it offers improved
visibility, compliance and decision-making across source-to-pay (S2P)
operations.
Using eTendering is a key step to achieving procurement transformation.
Cloud-based eProcurement software platforms such as GEP SMART™ can
seamlessly integrate with an enterprise’s existing enterprise resource
planning (ERP). An effective and economical solution, eTender produces
rapid, tangible results.

This digital tendering automates functions inducing managing tenders,

allowing for smoother and controlled procurement. Subsequently,
allowing the procurement manager to manage and evaluate bids with
ease.
 Evolution of E- Tendering
• There are many cases to be made for speeding up automation nad
digitalization in the industry. Many processes could br made more
efficient by implementing solutions that are already in the market.
• Central and state government organisations currently float renewable
projects on their repective portals based on the CPPP platforms or
others. However, platforms like Bharat-electronicTender.com have
been around since 2010 and have gained popularity with their
additional efficiency and security benefits.