A tender is an invitation to bid for a project or accept a format offer such as a takeover bid. Tendering usually refers to the process whereby governments and financial institutions invite bids for large projects that must be submitted within a finite deadline

EMD stands for Earnest money deposit. This security instrument may be asked in form of Bank Guarantee, Demand Draft or Bankers cheque It is asked for saving Authority from unwanted proposals and to secure themselves against a possible financial lability which may arise due to unwillingness of slected vendor to execute his commitments. The authority in that case earns that EMD amount if the selected vendor after tender process refuse to carry out work

Tender Document stands for invitation sent to potential suppliers of a good or service to usform them about the information required for the buyer to choose among them, issuing a tender document typically begins the tender process by which a business selects qualified and interested suppliers based on such things as their price availability and proposed delivery terms.

N Procure is a portal where in more than 150 departments of Gujarat Government publish their requirement through this portal Procure is portal of (n)Code, provides e-Procurement services through its stendering tender portal www.nprocure.com which facilitates and manages s fendering and e-auction published by Government of Gujarat nProcure hosts, publishes and executes thousands of e-tenders for all departments of Govt of Gujarat (1) Bidders can downlood the tender document free of cost from the website, (2) Bidders have to submit Technical bid as well as Price bid in Electronic format only on procure website til the last Date & time for submission (2) offers in physical form will not be accepted in any case Procure is chagatile portal

A reverse auction is an auction where the roles of a buyer and seller are exchanged. Le sellers bid prices instead of buyers, the auction is initiated by the Buyer and the supplier bide in real time driving the price down it is a type of competitive bidding conducted on torse auction websites, which is suitable when the only point being negotiated between the Buyer and the Supplier is price

Yes, there are many open available tenders in which any start-up can participate. Mainly it depends upon instruction mention in tender document. Government is also promoting startup to wok with govemment. So there are many opportunities available for startup of new comparty

EO stands for Expression of interest. An Expression of interest (EOI) is to gauge interest in tendering. It's a form of request to organisations of individuals to express an interest in providing particular goods or services antering a lease agreement or other commercial arrangement

Yes EMD is refundable in a case if you are not awarded with tenders

No its not refundable

Yes EMD is refundable in a case if you are not awarded with tenders

CPPP is Cerbal Public Procurement Portal of Government of india it can be accessed at https://procure.gov.in/cppp/ 2. The primary objective of this portal is to provide a single point access to the information on procurements made ocross various Ministries/Departments and a the organizations under them. The Central Public Procurement Portal of Government of India facilitates of the Central Government Organisations to publish their Tender Enquiries, Corrigendo and Award of Contract details. All the information of bid available here with documents. Bider not only con view or download document on CPPP. Many of tender submission is discoceduling on some plataform Registration is on this portal is absolutely free But Digital Signature certificate is mandatory to access the portal for bidding

it's chargeable.

Limited Tender:This type of tender is addressed to a limited number of suppliers, who are the reliable source of supply or empanelled with department

Open Tender: open to all the suppliers within the country who can supply the required quantity and quality of materials. Such invitation is made by advertising in newspapers, journals etc.

Single Bid-At documents with Price to be submitted in a single Envelope

Double Bid or 2d Tenders-2 Envelopes-1 for Techno-commercial Documents and 2nd for Price Evaluation happen on the basis of documents submitted in the Techno-Commercial Envelope it the bidder qualifies than only the Price i will the opened If the bidder does not quality, the Price lid of the bidder wil be returned or annulled

Performance Bank Guarantee (PBG) means monetary guarantee to be furnished by the successful tenderer for due performance of the terms of contract.

No. It's not possible.

Digital Signature certificate (DSC) are the digital equivalent (mat is electronic format) of physical or paper conficates as proof of identity of an individual for a certain purpose.

Earnest money deposit: To ensure that a Bidder does not submit a Dummy Bid or back out at time of tender opening, Department collects a small refundable fee from each bidder, which is called EMD. EMD is always in form lof a Demand Draft & cheques or cash are strictly not allowed. EMD is returned when all Bids afre opened & tender is awarded to other firm. In case Tender is cancelled, the EMD is returned, in case your firm is winning bidder , the said EMD shall be returned to you only after you complete the supply or you make a security deposit. After Bid is opened, if a Bidders refuses to take the contract, then his EMD is forfeited.EMD is generally less than 5% of the Tender Value.

Security Deposit: Once it is decided that a Tender is awardedto a Bidder, he has to Deposit a Security Deposit with the Buyers such that if he does not complete the task as per the work order, the Buyer can recover the loss by forfeitting his Security Deposit For e.g. If a Bidder gets Rs. 10Cr the bridge on time or leaves it incomplete, the Department can forfeit his 1Cr as penality. Security Deposit can be in form of Bank Guarantee, National Saving certificates, cash etc. Only the Winning Bidders makes the Security Deposit, he gets his EMD back.