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Tender fee is in the form of?
Cash/Money Order
Cheque
DD
Any of above
Cash/Money Order
A tender fee is a non-refundable amount paid by a bidder to participate in a procurement process. In traditional government and utility contracts, this is typically submitted as a Demand Draft (DD) or Banker's Cheque in favor of the specified authority, though some small-scale local tenders may accept cash or money orders.
A tender fee is a non-refundable amount paid by a bidder to participate in a procurement process. In traditional government and utility contracts, this is typically submitted as a Demand Draft (DD) or Banker's Cheque in favor of the specified authority, though some small-scale local tenders may accept cash or money orders.
TotalCost=Administration+Publication+Processing
TenderFeeтЙИEstimatedBiddersFixedCostтАЛ
The tender fee serves to recover the cost of processing bid documents and ensures the seriousness of the bidder. Upon submission, the financial instrument (like a DD) is validated by the organization's finance department, recorded in the tender register, and deposited into the official account to offset administrative costs associated with the tendering process.
Tender fees are mandatory for bid document access.
They are generally non-refundable unless the tender is cancelled.
Modern e-tendering systems have replaced physical instruments with online payment gateways.
The instrument must usually be drawn from a nationalized or scheduled bank.
Deters non-serious bidders from clogging the process
Helps recover costs of documentation and bid evaluation
Increases initial entry barrier for small startups
Physical processing of DDs/Cheques causes administrative delays
Government procurement projects
Utility service tenders
Infrastructure development bidding
In current industry practices, e-tender portals predominantly use NEFT/RTGS or Payment Gateways instead of physical DDs.
Option B (Cheque) is often avoided by organizations due to the risk of dishonor (bouncing), making Demand Drafts (DD) the industry standard.
A is correct тАФ Although DD is the industry standard for formal tenders, many systems allow Cash or Money Orders for specific small-value manual tender scenarios.
In competitive exams, always check if the question refers to 'Manual Tendering' (where cash/DD is common) or 'e-Tendering' (where online payment is standard).