If you want to start your own business, then there is no more capital, then you can start with contract work. For this you do not need to do anything more. You just have to submit some important documents in which status certificate is the most important document. Just for this you have to wait for the tender issued by the government or any company. For this, one has to keep an eye on the concerned official website of the government. Many times we get information about it through newspapers.
what is tender
We call it tender only when the government or any company gives a contract for some work. In simple words, tender is an offer to supply goods at a fixed price rate at a specified time to perform a particular job. Before joining the tender, you need to fulfill the documents and requirements demanded by the company or government.
How many types of tenders are there?
Open Tender- Open tender is a tender in which the company or government invites contractors or customers for any work through newspaper or website.
Selective tender or tender-
Selective tender is issued open tender process. Its purpose is to give the right opportunity to the contractors who will execute the work in a better way, to submit the necessary bids on time.
Serial Tendering Process-
It is an advanced method of tender which combines the normal competitive tender on a negotiated basis. It is mostly used for those who have multiple stages of the same work.
Term Tender-
This type of tender is mostly used in large projects which require high maintenance. Through this tender the contractor is asked to cover specific buildings or constructions in different locations. A term tender is limited to a specified period of time and may demand certain criteria to be met by the supplier complying with the customer’s requirements.
