E-procurement is a business-to-business (B2B) mechanism in which goods and services are procured and distributed over the internet. It differs from e-commerce in the sense that it is a closed system that enables the participation of only a small number of registered users.
E-procurement provides a line of communication between a business and a supplier, enabling interactions such as bids, purchase orders, etc.
In order to conduct business online, e-tender is used as a forum for advertising these procurements. A Digital Signature Certificate is essential for carrying out an e-tendering process.
A Class 3 type of digital signature certificate is required for e-tendering which provides the highest level of security for tendering applications. Digital signature validity can vary over a period of 1, 2 or 3 years.
How a Digital Signature Works?
While registering for a digital signature certificate, a private and public key are generated using the same algorithm by the controller of Certifying Authority (CA). The private key is shared with the respective individual/party only whereas the public key is made universal.
The private key is a secure digital key which is used to decrypt one’s signature using the public key. The digital signature of a person can only be authorized when the private key successfully decrypts the public key.
Advantages of E-Tendering
Instead of filing for a tender in paper format, information can be uploaded and stored online which can also be used for future tenders.
Productivity increases as filing an e-tender is less time-consuming than filing conventional tenders. With your previous documents stored online, it becomes easier to re-apply for a tender.
By eliminating duplicate spending and saving costs related to paper-based processes, money can be saved.
When there are different agencies making buying decisions, electronic purchasing makes it easier to make a purchase.
For a quick e-procurement process, online transaction helps. The procurement cycle time among suppliers speeds up, allowing business to be carried out in a short period of time.
After the payment, the DSC registration experts will process your application
The DSC will be sent to your registered email-id within 2 hours.
Register With Us
In order to file for a digital signature certificate you can log-onto our website edigitalsignature.org. We are private consultants, certified by ISO providing registration for Class 2, Class 3 and DGFT digital signatures.
If you feel the need for an FAQ, you can look up our FAQ page on our website home-page.
Any complaints regarding your application, you can report it on our Complaint page. Once that is filed, the complaint can be tracked here.