E procurement tenders also termed as Electronically Procured Tenders. These tenders are online tenders where dealing is done through online mode. The other terms used and covered under this category can be online tenders, online procurement tenders, online bidding tenders, online auction tenders, online e-procurement tenders etc.
To bid or participate in these sort of tenders, Digital Signature Certificate is a mandatory requirement. Without digital certificate participating in such tenders is not possible. Generally for tenders involving buy requirement, the bidder with lowest price is awarded the tender and vice versa for tenders involving sell requirement. Here many other facts like financial details, technical details need to be considered before the award of the tender