State Tenders

Every Year, a large section of every state’s fund is spent in procurement and purchasing of a large section of goods, services and infrastructure. Majority of the procurement is done from the private sector in an honest and unbiased form called as tendering.
Over the Many Years, State Government tenders still remain one of the best methods of procurement for all the state-owned industries. This guarantees to all the private sector companies a fair deal while maintaining the best market rate for the state government.

State Government tenders give all the suppliers or vendors a fair chance and an equal opportunity to bid for an order, giving them the same objectives and targets to work on while maintaining a share amount of fairness.

A Large Number of SOE or State Owned Enterprises or PSU, Public Sector Undertaking in the country publish tenders via internet or print media to invite suppliers from various sectors to invest or supply a large quantity of goods or services that the State Owned Enterprise is not manufacturing and servicing on its own.

There are 251 PSU or Public Sector Enterprises in India as of 2012 and each of these issue their own online tenders. For effective involvement in this market, it is important for the suppliers to understand that the state government is not one unit but is an amalgamation of many PSUs and departments which have their own unique criteria and requirements when it comes to tenders.

Hence, It is important that the suppliers investigate, study and explore so they are capable to precisely target department that are more likely to use their goods and services  and then they should start the process of intercession.

In government tenders, each of the public sector bids is carefully measured on the same objectives and platforms without any bias. Private sector companies, whose bids win government tenders do so since of their expertise and competence in providing the right bid to the tendering board committee. The proficient companies also take the precaution for preparing a tender document which caters to all the requirements mentioned in the government tender. This gives them a greater advantage over the other private sector bids.