Dhaka, Bangladesh (BBN) – The central bank of Bangladesh on Thursday asked all banks and non-banking financial institutions (NBFIs) to introduce e-tendering (electronic tendering) system by December 2015.
The Bangladesh Bank (BB) issued a circular on the day in line with its steps towards promoting green banking and developing eco-friendly internal management of the banks and financial institutions.
BB said the e-tendering should be web-based and connected with the websites of the respective banks and NBFIs. The banks and NBFIs would seek technical support from the central bank.
“The e-tendering would ensure transparency, accountability and efficiency besides accelerating the procurement process,” it noted.
The central bank introduced the e-tendering system in May 2010 for its own procurements.
The e-tendering enables both local and international bidders to take part in the bidding in a process, free from any external influences unlike the traditional paper-based tendering process.
BBN/SSR/AD-18Sept14-7:55 pm (BST)
