e-tendering: a transparent way to award contracts in Government:
With the induction of e-tendering in February 2003, KSPHC heralded a new tradition in award of Government contracts by improving upon the conventional manual tendering process. This venture of KSPHC took shape with a view to gain advantage of the market forces by combining the regular tendering process mandated by the Transparency in Public Procurement Act with a reverse auction process (by using the internet) to obtain the most competitive and suitable techno-commercial offers from intending bidders.

Advantages to KSPHC

• Complete Transparency amongst the operating community, leading to sound decisions.

• Competitive offers due to Online Reverse Auction.

• Quicker order finalization.

• Less scope for formation of Cartel among Contractors.

• Minimal manual errors in the evaluation process.

• Quick processing of tenders helps in taking up of the works early.

• Online latest market trends are available without revealing the identity of the bidders.

• Substantial reduction in demands on bidders time, which otherwise would have been spent on many price negotiations.

• Reduction in bidders costs as they need not have to travel to and from the KSPHC Offices.

• Facility to quote from their own offices wherethey would have the benefit of in-house consultation.