What is Railway tender and is Producers
What is Railway tender and is Producers
What is Railway tender:
Railways have done away with the practice of publishing advertisements of work tenders in newspapers for procurement, according to an order of the railway board. The order issued today said that since the national transporter was e-tendering its works contracts there was no longer any need to issue the ads in newspapers.
“With the implementation of e-tendering in railway contracts through IREPS, the board has decided to discontinue the requirement of newspaper advertisement of work tenders invited through e-procurement website (IREPS),”
4 Types of Tender and Tendering Processes:
An effective bid management and tender process provide a positive evaluation approach that leads not only to the appointment of appropriate suppliers but to ensure that the ongoing relationship is mutually beneficial. A wholly balanced and highly efficient bid and tender management process improve the quality of the supply chain while reducing costs and managing risks. A tender is a submission made by a prospective supplier in response to an invitation to tender. It makes an offer for the supply of goods or services.
The 4 main types of tenders are:
- Open tender
- Selective tender
- Negotiated tender
- Single-stage and two-stage tender
Open tender:
- Open tendering is the main tendering procedure employed by both the government and the private sector.
- Open tendering allows anyone to submit a tender to supply the goods or services required and offers an equal opportunity to any organization to submit a tender.
- Open tendering provides the greatest competition among suppliers and has the advantage of creating opportunities for new or emerging suppliers to try to secure work.
Selective tender
- Selective tendering only allows suppliers to submit tenders by invitation.
- . Selective tendering gives clients greater confidence that their requirements will be satisfied.
- However, it can exclude smaller suppliers or those trying to establish themselves in a new market.
- Negotiated tenders are extensively used in the engineering and construction industry commencing from tendering till dispute resolutions.
- Costs are reduced and allows for early contractor involvement. Since the contractor is part of the project team at a very stage of the project, this results in better communication and information flow.
Single-stage and two-stage tender:
- . Single-stage tendering is used when all the information necessary to calculate a realistic price is available when tendering commences
- enders are prepared and returned, a preferred tenderer is selected and following negotiations, they may be appointed.
- Two-stage tendering is used to allow the early appointment of a supplier, prior to the completion of all the information required to enable them to offer a fixed price.

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