E-Tendering vs. Traditional Tendering: Which is Right for You?
E-Tendering vs. Traditional Tendering: Which is Right for You? In today’s rapidly evolving business environment, the way companies and governments procure goods and services is significantly transforming. Traditional tendering processes, which have existed for centuries, are increasingly being replaced by e-tendering portals. But how do these two methods compare? Which one is perfect for your company or organisation? Let’s explore both of them here in this Tender Grid blog to help you make an informed decision. Introduction: Defining E-Tendering and Traditional Tendering What is E-Tendering? E-tendering refers to tendering for projects that occur on digital tools and platforms. This kind of tendering allows businesses to make their proposals online, as well as track progress and make communication with clients online. The key features of e-tendering systems are • Online submission of documents and bids. • Digital documentation for quick editing, storage, and retrieval. • Automated pro