E-Bidding

E-bidding, or electronic bidding, is a digital process where buyers and suppliers submit and review bids online for goods or services. It streamlines procurement by enabling competitive offers to be made in real-time through internet-based platforms. This approach increases transparency, efficiency, and convenience, allowing organizations to compare prices quickly and select the best value without the need for physical negotiation or paper documentation. E-bidding is commonly used in government contracts, construction projects, and corporate purchasing to facilitate cost-effective and fair procurement processes.