Tender
A tender notification is the publication a nd circulation of procurement opportunities by the procuring entity in various media like: Newspapers, purchaser's own website and government tender bulletin etc. The main objective of wider publicity is to make these opportunities available to a wider supplier community, increase the competition and thus making the procurement process efficient and transparent. In the pre-internet era the tenders were published only in the print media but the internet has made it possible to publish the tenders online and make these opportunities available to suppliers globally, on a click of mouse. Though some countries have moved
completely to online publication o f tender notification, still there are many countries which are publishing tenders in print media as well. It depends upon the commitment and preparedness of the leadership to make the public procurement efficient and corruption free. The World Bank started bench-marking economies on the basis of legal and regulatory systems, which can affect the ability of the suppliers to participate in the public procurement process. The latest report from The World Bank - Bench-marking Public Procurement, 2017 assesses 180 economies around the world. AddressBazar.com is an Bangladeshi Online Yellow Page. From here you will find important and necessary information of various t ender information provider related organizations in Bangladesh. Availability of tender notification on the internet gave birth to tender aggregators. The tender aggregation industry can broadly be divided in two types. One who collects, collates and processes the information from within the country and for the consumption of the suppliers from the same country. The other type is those who collect the tender notification from across the globe and make it available to all suppliers including from their home country.A tender aggregator addresses various challenges like:non availability of data in a structured format, multiple languages and terminologies etc. By making the tender notification information available to a wider supplier community, the tender aggregator plays an important role in making Public
Procurement efficient and transparent, thus helping procurement entities spend taxpayers' money judiciously.
Types of notifications
Direct These are normally opportunities that are sent directly from the system they were created on. For example, if a government institution used a certain brand of tendering software, then this brand would also offer a tender service to notify the user of tenders on that specific system.
Repacks Repacks are normally provided by external organizations and software as a service provider. Feeds from multiple sources are combined, collated and then sent out. The aim of repacks is normally to give the supplier as many opportunities as possible on a daily basis. Normally where feeds from multiple sources are combined, collated and then sent out. The aim is obvious here, to give the supplier as many opportunities as possible on a daily basis. However, due to the information often being second or third hand, some data can be lost in the process, or may become inaccurate as it is passed down the line. The collated information tends include a range of sectors, from construction to healthcare tenders.
Similar processes A request for tender and request for quotation is a closed tender where people are invited by a buyer to quote for specific work. A tender notification alerts potential suppliers of open tenders that they then have to register interest in before entering the tendering process. Invitation to tender is also a similar process to a tender notification. The major difference is the institution or organisation who created the tender chooses whom to invite, often in the form of a closed tender where they can then publish a Voluntary Ex-Ante Transparency Notice (VEAT) for transparency. Tender notification services provide a vast
array of people and companies about an open tender that anyone can apply for.
Benefits
Tender notifications (sometimes called tender alerts), provide the client with given tender information that they desire. This is often delivered in the form of an email notification, saving the client visiting multiple websites to check for updates on potential clients. Most repacks provide both private and public sector tender opportunities. The idea is that tender notification systems deliver tender opportunities to the company, dramatically reducing the amount of time spent looking for these tenders.
