Tendering and awarding bids is the most critical step in public sector procurement. Tendering online ensures transparency, accountability to citizens, and incorporates all the benefits of transacting on the Internet – anytime-anywhere access, improved efficiency, wider reach, and access to information.

It also cuts down on the public sector’s biggest tender processing costs – advertising, preparing, printing and disseminating tender documents, and then processing bids – both in terms of money and time.

NexTenders caters exclusively to governments and the public sector. The workflow system mirrors the “manual” tendering process, including the ability to customize processes down to department level. In effect, NexTenders gives buyers complete control over their tendering processes.

The outstanding difference with NexTenders is its focus on the tendering process and not just on document exchange. For example, the system is designed to accommodate features such as ‘time-locked multiple envelope bidding’ and ‘tamper-proof data integrity’ which are critical for public sector procurement. In comparison, e-procurement solutions designed for private sector procurement tend to be document-centric and rely on back-end integration and business process re-engineering to generate value for clients.

The NexTenders system is live in various departments in the State of Chhattisgarh.
NexTenders has also implemented specialised E-Procurement systems in partnership with Wipro 01Markets consulting division for several Government and PSU clients.

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