7 things you need to know about tenders

Tenders for supply and provision of various goods and services are advertised daily across the country.

Unfortunately, many Kenyans have been disillusioned by the concept of “tenderpreneurship”, where they submit applications for tenders, but the awards go to those who seem to have the ‘right’ connections.

Further, many of those who win tender opportunities are almost bankrupted by non-paying insti-tutions.

We spoke to Esther Kang’ethe, the customer advisor at Jamii Bora Bank’s Tender Hub, who said youth, women and people with dissabilities don’t have enough knowledge on the 30 per-cent tender allocation the Gover-nment has set aside from them, a gap they’re trying to close.

Here’s what Esther wants you to know about the Government tender process.

1. Acquire training

You need to have knowledge on financing and the process invol-ved in the entire tendering pro-cess.

Mostly, get expert knowledge from relevant institutions. This will help you in making informed choices on the dos and don’ts when it comes to tenders.

At a resource centre like Tender Hub, which offers tender train-ings as well as tender listings, Esther believes that many entre-preneurs can benefit from the Government directive to get more marginalised groups into the public procurement system. Part of her role is to provide ten-der information, such as requi-red documentation and due dili-gence before servicing winning bids.

2. Know the types of tenders and financing methods

Currently, Jamii Bora Bank provides a one-day training cove-ring topics from types of tenders, how to price bids and identifying credible procuring entities. This training is also complemented by the bank’s trade finance solut-ions, such as bank guarantees, LPO financing and invoice discounting.

Esther says young entrepreneurs, people in employment and those who are unemploymed can benefit from this training.

“The institution additionally provides learners with flexible workspaces where they can work at affordable prices, removing the hassle of renting offices.”

3. Tender listing sites

After one has undergone training through Tender Hub, they get free tender listing services since the bank consolidates all updated tenders in one place, business registration support, tax filling and financing from the bank.

Big goals get big results. No goals get no results or somebody else’s results.

The bank also advises and finances individuals who have won tenders but have no finan-cial ability to finance them.

4. Social capital

Connections are key when it comes to getting the right tender to bid for. Jamii Bora equips its trainees with information on financing, helps them build net-works with like-minded indivi-duals, and connects people to tenders that are beneficial to them.

5. Know your objectives

This includes your purpose in pursuing this kind of a business deal. How well have you positio-ned yourself in winning it? What value are you giving your buyer?

As a tenderpreneur, be sure to lay bare your primary reasons for winning that tender.

Remember that with objectivity, you’re able to service your tender with professionalism that will in turn win you more and more of the same. Keep in mind the saying that: “Big goals get big results. No goals get no results or somebody else’s results.”

6. Request for information

After doing all the above, know what information you need to provide.

You should fill in all the neces-sary documentation that a buyer needs from you as a suppler.

This documention is important as it helps buyers to gather information on what’s available, as well as qualify the supplier with the best tender quote.

7. Request for quotation

As a supplier, you should standardise your product prices in terms of quantity, quality, terms of contract, as well as human resources before you send it to the buyer. This will help you win or lose your bid.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s