21st Century Technologies Limited (21CTL), Nigeria’s information and communications technologies (ICTs) powerhouse has launched eProcurement Solution known as 21CTLProcureTiger that will address all the bottlenecks associated with tendering and awarding bids.
21CTLProcureTiger’s eTendering engine is power packed with more than 150 features allowing users the chance to seek information for tenders online, submit tenders, maintain and communicate information.
Wale Ajisebutu, vice chairman and CEO, 21st Century Technologies, said that the 21CTLProcureTiger supports single & multiple envelopes tendering as well as single & multiple currencies tender.
“Our eProcurement solution allows governments and corporate organizations to remove inefficiencies from their processes and build integrated supply chains. It also reduces administrative tasks while guaranteeing maximum benefits” Ajisebutu added.
21CTLProcureTiger also supports multiple evaluation methods T1, L1, T1L1; supports International competitive bidding (ICB) & national competitive bidding (NCB); integrated dynamic form engine that supports excel, or any other spread sheets; and add evaluation formula on the fly, covert figure to words.
Other features of the 21CTLProcureTiger include; integrated messaging server i.e. eMails, SMS, InBox, Marquee, Banners; integrated reverse auction engine; integrated payment gateway; supports dynamic work flow, business rules; and manage the contract post negotiation, it has integrated contract management engine.
Tendering is basically the process where a buying institution publishes its intention to purchase some goods from or engage the services of a suitable vendor, passes on the details of what it needs in terms of goods or services and invites sealed bids / offers in order to select the most competent and competitive bids.
Online tendering would ensure transparency, accountability to citizens, and incorporates all the benefits of transacting on the Internet – anytime-anywhere access, improved efficiency, wider reach, and access to information.
It also cuts down on the public sector’s biggest tender processing costs – advertising, preparing, printing and disseminating tender documents, and then processing bids – both in terms of money and time