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STATE BANK OF INDIA THIRUVANANTHAPURAM CIRCLE TENDER NOTICE NIT No. TH I / AO E R N / 2 0 2 3 2 4 / 0 1 2TY P E O F TE N D E RI TE M R AT E C O N T R AC TB I D D I N G S Y S TE MTW O B I D S Y S TE

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How to fill out technical bid e-reverse auction

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Technical bid e-reverse auction is a process where bidders compete to provide the lowest price for a specific product or service through an online platform.

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Any potential supplier or vendor who wishes to participate in the bidding process is required to file a technical bid e-reverse auction.

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The purpose of a technical bid e-reverse auction is to create a competitive environment that drives prices down and ensures transparency in the bidding process.

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Information such as company details, product/service specifications, pricing details, and any other requirements specified in the bid documents must be reported on a technical bid e-reverse auction.

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