hey guys❤❤... Explain the procedure of sale through tenders.
Answers
Main steps in the tender process
Each year, federal, state and local governments invite the private sector to submit competitive bids for the supply of goods and services. Government tender requests attract small, medium and large businesses across a wide range of sectors - from office supplies to major construction projects.
Tender processes in the government sector share many common elements. What follows is an overview of the main steps you should take to prepare a competitive tender.
Register your interest
Follow the instructions in the tender document to register your interest with the purchasing agency. This important step will help keep you up to date on any tender information sessions.
Attend tender information sessions
If you registered through a tender website, monitor the website for updates about the tender.
Attend any tender information sessions offered. These are valuable opportunities to ask questions and make contact with the agency. They may also give you a chance to meet potential subcontractors or make contacts that could participate in a consortium. Government agencies are also usually under no obligation to otherwise make available copies of information, presentations, etc., that may be given at an information session.
Develop your tender response strategy
If you are bidding for a high-value tender, plan your tender carefully and consider the requirements and resources involved. For example, ask yourself:
How much will it cost to prepare the tender?
What information do we need to gather?
What resources will we need to fulfil the contract?
Who will manage the tender project?
How will we plan the workload, assign the work required, schedule the meetings?
Who is our competition and what are our chances of winning?
What is our plan for marketing our products and services and pitching our business?
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2. Develop your tender response strategy
3. Review recent awarded contracts
4. Write a compelling bid
5. Understand the payment terms
this will help