What is Contracts? When two or more persons have common intention communicated to each other to create same topic & done the agreement that is called.

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Presentation transcript:

What is Contracts? When two or more persons have common intention communicated to each other to create same topic & done the agreement that is called Contracts. Types of Tenders Contracts 1.Open Tender 2.Single Tender 3.Negotiated Tender 4.Item Rate Tenders Tenders Contracts Definition Submitting a tender is common for businesses supplying goods or services to other businesses or the public sector.

Open Tender: Open tender is an arrangement where an advertisement in local newspapers or trade journals invites contractors to apply for tender documents. Open Tender is a transparent process which ensures that only the contractor with the best price and meeting all the technical requirements will win the tender. Single Tender: Single Tendering means sending the Tender to one particular party. Normally, it is either for an item where there is only one supplier or for an item where the purchaser has developed confidence in one supplier only and would just like to verify the current price, delivery etc. Single Tenders are also sent for items of proprietary nature. I Types of Tenders Contracts

Negotiated Tender: Under Negotiated Tender method normally one contractor is approached and such tender mainly used for specialist work such as lift system or airport project at big level, in such case there are limited number of contractor who do such work in the market. It is based on one-to-one discussion with contractors to negotiated the terms of contract. Item Rate Tenders: In this type of Tenders the contractors are required to quote the rates for each item mentioned in the price bid. The quantity to be executed is given in the price bid. Types of Tenders Contracts

Contracts Form 1.Completion Contract : The completed contract method is used to recognize all of the revenue and profit associated with a project only after the project has been completed. 1.Term Contract Purchase contract that continues for a specified fixed period usually not less than one year and not more than ten years.

Contractor Connect Contractors who win projects are potential targets for Suppliers / OEMs / Sub- Contractors / Man-Power Consultants etc. The Key value of this service is to connect each of these groups to the contractors winning projects. In addition to connecting these groups, consulting is also provided where necessary and we see them through the deal. The key strength of Africa Gateway is the linking that we can do right from the time a project is announced until it is won by companies. Africa Gateway's huge virtual market place with more than 8,00,000 companies and the technology brings this value to the table.

Supplier Connect Option of connecting with OEM's and Third Party Suppliers / Distributors Analysis of OEMs and Suppliers. Matching with the requirements in terms of previous project supply, cost and quality Engaging the OEMs and Suppliers. Taking the order on behalf of the customer and coordinating for effective price.

Contact US 202, Eden Rose Shopping Centre, Beverly Park, Kanakia Road, Mira Road (East), Thane , India, Phone : THANK YOU