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Selection of Source
(Supplier)
Open Tender
.....Purchase
procedure (contd..)
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Open / Global Tender process :
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This mode of
tendering presumes that for fulfilling the firm's
requirement of materials / |
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services
there could be competent suppliers who are not
known to the buyer The circumstances could be
any of the following :
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When
reliable sources or suppliers (
manufacturers / suppliers / traders /
contractors etc ) are not clearly known
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When the procurement involves latest but largely
unknown technology
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When it is felt that advertising may
elicit still better response
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When such commercial considerations as policy ,
estimated cost of purchase/ job contract are involved
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In the pre-Internet days when reaching out to
prospective bidders was done through mailing of
papers (Tender documents) ,a distinction was made
between Open and Global tenderings.
Open tenders were
those which were limited within a country whereas the
Global tenderings were open to the entire world. Usually
, but not limited to, Open tendering was often done
through advertisement of calling tenders in popular and
widely circulated dailies within the country and the
Global tendering was done ,besides the national dailies
,inserting advertisement in Global trade journals or
even in the leading news papers of some foreign
countries. |
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In the era of communication revolution, the NITs
are displayed on a company's website or on some other
websites meant to display only NITs. Obviously , unless
otherwise restricted, since the internet is well within
the reach from any corner of the world , NITs displayed
on a website are global, today.
How it is done ?
The complete tender document , containing the
detailed materials
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description,
requirement period, place, purpose , other
additional information, terms and conditions of
purchasing etc are displayed on a website (usually
the firm's website / professional sites of
tendering) or advertised in news papers , Trade
journals which can be downloaded / purchased by the
interested bidders. For the tenders displayed on the
websites the bidders are allowed to either download
it from the website or collect the complete document
in hard copy from buyer's notified locations , may
be by payment of a nominal amount. |
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Different
modes of Tendering : |
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