What is a Tender?

‘Tender’ usually refers to the process by which government and other institutions invite bids for large projects that must be submitted within a finite deadline. In India, projects over a certain value have to be publicly notified through tender notices, which are advertised through all-India newspapers, trade journals, departmental publications and notice boards, and now on the Internet. Interested suppliers, vendors, agencies, etc. can submit their quotations by a predefined deadline to bid for the business.

Here’s how a posted tender appears to IndiaMART seller.

How is Tender Different from BuyLeads?

Tender is different from BuyLeads in following ways –

• BuyLeads are buyers’ requirements which are posted directly on IndiaMART
• Tenders are generally floated by government departments or PSUs on other public portals (online and offline)
• There are strict deadlines for applying on Tenders 
• The actual bidding process takes place on source websites & IndiaMart is not involved in that process directly