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DIRECT TAXES REGIONAL TRAINING INSTITUTE (A Division of National Academy of Direct Taxes, Nagpur) 46, M G Road, Nungambakkam Chennai 600 034 Tells: 2833 8846 email: dtrtichennai gmail.com 07th January
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How to fill out limited tender for supply

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01
To fill out a limited tender for supply, start by gathering all the necessary information and documents related to the supply requirements. This includes details about the items or services needed, quantity, delivery dates, quality standards, and any specific certifications or qualifications required.
02
Next, research potential suppliers who are capable of fulfilling the supply requirements. Consider factors such as their experience, reputation, financial stability, and capacity to deliver within the required timeframe.
03
Once you have identified suitable suppliers, it is important to issue the limited tender. This can be done by preparing a formal invitation to tender document that outlines all the necessary information. Include a clear description of the goods or services required, evaluation criteria, submission instructions, and the deadline for the tender submission.
04
Send the tender document to the selected suppliers via email or mail, ensuring that the document is received within the specified deadline. It is important to provide sufficient time for suppliers to prepare and submit their proposals.
05
As the tenders are received, carefully evaluate each proposal based on the predetermined criteria. This may involve analyzing pricing, quality, delivery capabilities, relevant experience, and any other specific requirements mentioned in the tender document.
06
After evaluating the proposals, select the most suitable supplier(s) based on the established criteria. Consider factors such as cost-effectiveness, reliability, quality, and any additional value-added services the supplier might offer.
07
Once the decision is made, promptly inform the chosen supplier(s) and negotiate the terms and conditions of the supply agreement. This includes finalizing the pricing, delivery schedules, payment terms, and any other important contractual details.
08
Finally, ensure that all necessary paperwork is completed. This may involve signing a formal supply agreement or purchase order with the chosen supplier(s) and maintaining records of the entire tender process for future reference.

As for the second part of the question:

Limited tenders for supply are typically needed by organizations or individuals who have specific supply requirements but do not want to go through a lengthy and open tendering process. It is often used when the number of suitable suppliers is limited, or when urgency or confidentiality is a concern.
For example, government agencies may utilize limited tenders for certain goods or services that require a faster procurement process. Similarly, private companies may opt for limited tenders when they have already identified specific suppliers who can meet their unique requirements.
Ultimately, the need for a limited tender for supply arises when the traditional open tendering process is not deemed necessary or feasible, and when a more targeted approach is preferred to address specific supply needs.
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Limited tender for supply is a procurement method where the buyer invites only a select number of suppliers to bid for the required goods or services.
Any organization or individual looking to purchase goods or services through limited tender process.
To fill out limited tender for supply, the buyer needs to provide details of the required goods or services, invite select suppliers to bid, evaluate the bids, and select the best offer.
The purpose of limited tender for supply is to streamline the procurement process by inviting only a select number of suppliers who are capable of fulfilling the buyer's requirements.
The information reported on limited tender for supply includes details of the buyer, the required goods or services, the invited suppliers, the bid evaluation criteria, and the selected offer.
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