The following table represents a brief view of the situations after adoption of the e-tendering system:
| Cost Factors |
Result after adoption of secured e-tendering system |
| Tender advertising cost |
70% reduction (reduction in size of newspaper advertisement) |
| Number of visits of suppliers to MSEB |
Once in a year for document verification only |
| Number of corrigendum issued due to manual mistakes |
Number of manual mistakes significantly reduced |
| Stationary and Printing cost |
Tendering now done in a paperless environment. |
| Increase in registered vendors |
More than 25% increase (presently more than 500) |
| Processing time for tender-to-contract cycle |
Nearly 60% (earlier it took 6 months for one tender to be completed. Now it takes less then 2 months). |
| Processing cost for tender-to-contract cycle |
Reduction of 510% assumed as per e-procurements basic characteristics |
The following table gives statistics which indicate the degree of successful takeover of the traditional manual tendering process by the eTendering system:
