E-Tendering – A great way to prevent corruption

The great arrival of Internet technology has been responsible for transforming the traditional bidding practice. Governments around the world have felt the urgent need to improve their services and deal with all kinds of problems without delay or complication.

We are all aware of the unethical and corrupt practices that take place at the tender and contract board level. The launch of E – Procurement and Online Tendering has definitely resulted in the minimization of corruption at the highest levels of government. It provides transparency, easy accessibility for people, and also includes other benefits, such as conducting business transactions on the Internet.

Online bidding brings many positive factors in the bidding and procurement business. It can be accessed anytime and from anywhere. High level of efficiency, massive reach, easy access to information and details and most importantly; reduce the high cost of processing public sector tenders in terms of time and money.

The advent of the Internet has transformed the entire bidding process. Bidding for an online tender will provide an added advantage for both the government and its people by minimizing corruption by inviting bids for the tenders. Time is easily managed and things can be handled more efficiently as well. With the advent of the online system, the bidding procedure has become less time-consuming and cheaper.

We all know the disproportions and corruption of the tenders that have escalated to such proportions that the works are already being dispersed among the delegated neighborhoods even before calling for tenders. This kind of corruption in the process will also drive away foreign investors.

To draw attention to its many beneficial features, it is of the utmost importance that the positive factors of electronic bidding be highlighted and reported. People should be made to understand that the online bidding process is a much simpler and easier process than manual bidding. Even contractors, technologists and engineers are well aware of the benefits of electronic bidding and the transparency it offers. It is the ideal solution for combating corruption at the highest level at the government bidding and contracting levels.

For more information on tenders, you can visit http://www.tenderszeal.com/service-overview.html