A Free Global eTendering Portal, Tenderwiz, is available available to assist you in creating and advertising tender invitations of your own. Companies and organisations can register and publish their tenders as well as search for tenders they might want to respond to.

If you want to create a tender of your own and invite people to quote or respond to a tender that has been issued, Remy InfoSource specialises in this field (www.remy-is.com). The company was founded by South African born Pieter Boshoff, who operates globally. Remy iSpec is their flagship “out of the box ready” tender, bid and contract management system with full accountability and transparency measures built-in and it can be tailored to suit requirements. Customers include SAB Miller, DP World, Mitsubishi and Konika Minolta. View their testimonials here. Tenderwiz is the entry level resource.

Apart from free listings and searches, the service also allows users to request notifications of new opportunities in their chosen categories and regions. Buyers can also make use of a free secure tender box where suppliers can upload and submit their bids.

When you submit a tender, you are offering to do work or supply goods at a fixed price. The tender or bid process is designed to ensure that the work to be done is fairly distributed. There are a number of policies (known as ‘procurement policies’) which are used as guides on how to make decisions on which tender to accept. Although price is very important in the decision on which tender or bid to accept, it is not the only factor taken into account.

Once a tender has been accepted, it is binding contract between both parties. This means that the person or company that won this business opportunity has to provide the goods or services in the manner agreed to and at the price offered, and the client entity must pay the agreed price at the agreed time.