How to apply for a tender in South Africa 2020
Want to know how to apply for a tender in South Africa 2020? this article is for your consumption. Discover things to consider before bidding, how to find tenders, and how to bid.
A business tender is an invitation to bid for a project or accept a formal offer such as a takeover bid. Tendering usually refers to the process whereby governments and private financial institutions invite bids for large projects that must be submitted within a finite deadline.
The tender or bid process is designed to ensure that the work to be done is given out in a fairway.
List of things to consider before bidding
- Analyze the bid documents
- Be sure to meet all the requirements.
- Who your competition is and what are the chances of winning?
- Put into consideration how much will it cost to prepare your bid?
- Consider how the work will bend in with your business strategy?
- Estimate the costs of fulfilling the contract and whether or not you’d make enough money to justify it.
How to get a Tender in South Africa
Use the steps to identify public-sector contracts
- Follow up contract notices published in newspapers and trade magazines
- acquire the government tender bulletin
- browse for department websites
You can visit https://www.onlinetenders.co.za/ to be notified of new tenders.
How to apply for a tender in South Africa
- Register your interest: follow instructions in the bid document to register your interest with the purchasing agency.
- Attend briefing sessions: If you registered through a bidding website, monitor the website for updates about bids. Also, Attend any bid briefing sessions offered
- Develop your bid response strategy
- Review recently awarded contracts – contact the bid coordinator to seek clarification If you are unclear about any requirements in the bid request.
- Write a compelling bid: Prepare your bid response, state the purpose and origin of the bid, explain how you will manage the project.
- Understand the payment terms
- Provide References
- Check and submit your bid
- Present your bid
- Request a debriefing.