FreeBalance® eProcurement Portal
Modernize government
procurement process
To ensure better management of public expenditures, the FreeBalance eProcurement Portal standardizes bid documents and processes.
The FreeBalance eProcurement Portal enables web users to interactively access and review open government tenders. These tenders are grouped business types to assist businesses. Web users can also access and review all awarded tenders. The FreeBalance eProcurement portal is accessible to members of the public, Non-Governmental Organizations, businesses and development partners.
Public access to tenders allows all citizens and vendors to download tenders ensuring equal opportunity and improving value for money. The FreeBalance eProcurement Portal ensures that all tenders by public entities are posted onto a single internet site. Bidders are able to download legal bidding documents. All procurement awards are published. All procurement procedures, changes and instructions are published and are transparent.
The FreeBalance eProcurement portal integrates with back-office automated procurement and commitment management functionality from the FreeBalance Accountability Suite. This enables rapid deployment of tender opportunities, improves efficiency and reduces errors. This integration assists a Government to implement critical infrastructure projects more quickly and more efficiently.
Strengthens governance, transparency
and accountability
- Increases confidence levels in citizens, NGOs
and donors
- Automates bid evaluation processes
- Provides audit trails
- Delivers proper documentation for every step of the procurement process
Promotes economic development
- Increases vendor awareness and participation
- Provides statistical analysis to implement
procurement regulations
- Helps speed up procurement process, reduces vendor complaints, helps ensure infrastructure and other critical government projects are started on schedule and ideally end on schedule
Web-based
- Provides single access for all government tendering processes with detailed information related to the bid process and proposal documents
- Vendors sign up creating vendor database for government to notify when necessary
- Vendors can create alerts to notify a vendor when a tender process is posted that matches the vendor's criteria
- All information on the tender process, including department, posted date, due date, and more is posted for all vendors to see
- All vendor inputted questions and responses from the government procurement agents is posted and is available for all vendors to see
Supports Blacklist
- The FreeBalance eProcurement Portal controls Vendor Performance & Vendor Eligibility, and provides a list of blacklisted vendors to every institution in
the Government
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