Choice Available to Bidders for Bidding on Goa Tenders

In the modern commercial world most transactions of buying and selling products and services are carried out by tenders. Bidding and winning them can offer great opportunities for business promotion for any bidder. Though Goa is the smallest state by area in the country and is also the fourth smallest in terms of population, there are ample business opportunities that can be grabbed by intending entrepreneurs by bidding and winning Goa tenders.

Business Opportunities
Goa was ranked as the best placed state on infrastructure as per the 11th Finance Commission reports and provides the best quality of life according to National Commission on Population reports. Trade and commerce flourishes in the state. Moreover the fact that it has one of the best sea ports in the country with strategic locations also offers huge opportunities for importers and exporters. Goa is also one of the renowned tourist venues across the globe and tourism industry offers a great deal of scopes for the prospective businessmen to earn business and profits.

Factors Determining Tender Floating
Business prospects in the state are substantive. Usually tender floating in the state is based on the following factors.

• Gross domestic product of the state is over $3 billion at current prices.
• It is one of the richest states with highest per capita GDP that is around 2.5 times of the national index.
• Huge influx of international tourists offers excellent scope for business.
• The land is rich in minerals and ores like iron, bauxite, manganese, limestone, clay, and silica.
• Marmagao port alone handles over 35 million tones of cargo annually.
• Fishing is another area where large scale opportunities are available.
• Though the Government has decided not to allow any SEZ or Special Economic Zones in the state, already 16 exists there which is another avenue of good business prospects.
• Beverages industry is another avenue where many opportunities for budding entrepreneurs exist.

Essence of Goa Tenders
As usual the essence of Goa tenders like all other tenders is bidding for supply of products or services requested by the requesting agency. In the public sector the process is going for public tenders through the print and electronic media as well as floating tendering requests on the Internet. Main mediums of tender notifications in both public and private sectors in Goa are -

• Leading newspapers in the state.
• Electronic media;
• Internet;
• Trade journals;
• Departmental publications; and
• Office notice board.

Among all these; the Internet is the best place to search for the currently live tenders, all the specifications attached to it, the method of filing responses, and tips on winning the bids.

Major Opportunities
Major opportunities in form of Goa tenders are available in the field of port and ship related tenders; equipments; products and services, and structural fabrications.
Such tenders could be open, limited, verbal, as well as single tenders.