The eFact: eProcurement Applications
India has emerged as IT (Information Technology) Super Power before World for more than one decade. Now a well-established ICT (Information Communication Technology) infrastructure is available across country. Now India is marching ahead to be the Economic Super Power of the World. The Government of India by acknowledging the strength and potential is committed to work towards achieving the Honor of being Super Economic Power. And hence GOI is taking up and supporting all measures to place e-Governance at large across their Governance System.
eProcurement has been acknowledged as vital and initial project to be taken up under eGovernance and thus streamlining the “Optimum Value for The Public Money” to ensure sustainable & speedy development of the country, since the IT Act 2000 has been in place.
We have the privilege of enabling India’s first eTender /eAuction that was digitally signed way back in July 2003 and has till date successfully enabled Rs.7,500 Cr. worth of eTenders, eAuction on India’s Most Preferred eProcurement Zone – www.tendercity.us
The emerging trend of Sale/Purchase through E-Procurement is evident worldwide. Now CVC (Central Vigilance Commission) and Indian IT Act also strongly recommends and suggests for adopting the same in view to improvised Accountability, Efficiency and Transparency.
World wide the effectiveness of E-Procurement has been tested and found in saving a lot of Time, Money and Energy thus converted in Efficiency, Productivity and Growth of Nations/States/Organizations.
Using Web Based Online Technology for conducting Sale/Purchase functionalities like eTendering, eAuction (Reverse Auction), eCataloguing (Rate Contract) comprises eProcurement. Tendering/Auction for Works, Purchase, Open, Close, Empanelment, Rate Contract, Disposals etc. can be conducted.
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