E-tendering is an online process for carrying out the entire tendering cycle, including price bid submission, to harness the efficiency, economy, and speed of the internet. The key modules of the e-tendering cycle include tender notice creation, promotion, document distribution, bid submission, payment processing, evaluation, negotiation, awarding, and storage. Benefits include a completely automated and transparent process, time and cost savings, easier vendor participation, and improved record keeping.

1. e-tendering