Featured Company: Endurocide Projects (Pty) Ltd

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Read about who’s who in the Industry: Endurocide Projects (Pty) Ltd is based in Randburg, Gauteng and has a national footprint throughout South Africa. The Company is focused on supplying and innovating infection control solutions for the healthcare and hospitality industry. Their team of professionals allow us to offer turnkey solutions when dealing with construction, architects and interior designers.

Endurocide

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To view notes with screenshots on how to use our website, please visit Leads 2 Business Wiki.
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About Amy Steyn

I started at Leads 2 Business in August 2017, so I am relatively new to the L2B family. In my role as Account Executive, I am one of the lucky ones that get to interact with you, the client, on a day to day basis! I'm learning every day, and I look forward to what the future holds at L2B!

Breaking Down a Tender Lead

Have you ever read through a tender advert in a newspaper or online and thought to yourself, What are they on about? Where will this contract be taking place and what are the requirements for me to tender? After reading it for the Fourth Time with no luck, you start phoning the contact people listed to clarify crucial information required for you to tender or just skip the tender altogether and move on to the next.

What if that was the big tender that you have been waiting for? If only the tender was broken down for you in an easy-to-understand format.

Here in the Tender Department at Leads 2 Business that is exactly where we come in. We break down the tender notices into different sections so that no crucial information is missed as follows:

Contract Number: This would be the specific number used to identify the current contract.

Title: A short and sweet description of the services or product required.

Description: A more detailed description of what is required and where it will be needed.

Site Inspection: The date, time and location of where the site meeting will take place.

Closing Details: The date and time for tender submissions to be handed in.

Document URL: If documents are available online, Clicking on this link will take you straight to the downloadable documents.

Document Collection: This will inform you when and where the documents will be available If there is a fee payable for the documents and where the tender fee should be paid. Here you will also find the names of the contact persons, should you require any other information on the tender.

Delivery Point: The delivery point will have details of where you need to submit the tender documents. The physical address or the email address.

Contract Period: The duration of the contract.

Validity Period: The period in which price quotations for the provision of goods and services must remain valid.

Restrictions: The restrictions will inform you if you need a specific CIDB Grading for the contract, The certificates and documentation that you will need, BBEEE requirements or any other restrictions provided by the company or person.

Deposit Details: If any, the amount that needs to be paid before collection of documentation.

Location & Region: Where the contact or services for the tender is required.

And last but not least.

Professionals: Here you will find the relevant contact details for the professionals involved in the tender.

I call this Easy Hassle-Free Tendering.

Leads 2 Business is surely the way to go if you want to receive leads relevant to your business and save time, effort and resources so you can easily identify the information required to submit your tender for consideration on time.


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Infographic: Projects

posted in: Infographic 2

Are you looking for leads in SA and Africa? View our infographic on Projects and Subscribe today to take advantage of all the benefits.


To view more Articles, please visit our Leads 2 Business Blog.
If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
To view notes with screenshots on how to use our website, please visit Leads 2 Business Wiki.

About Sasha Anderson

Millennial Mom + wife living the hash-tag life. Reach out if you want to talk: L2B, social media, construction, technology, marriage, parenting, popular culture and travel. Remember: If You Fail - Fail Forward

Featured Company: Polyflor South Africa

Read about who’s who in the Industry: Polyflor South Africa, specialists in vinyl flooring and wall protection solutions, offers a comprehensive, quality range of products along with expert advice and support. Polyflor has an extensive network that operates successfully throughout South Africa and Africa regions.

Polyflor

If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
To view notes with screenshots on how to use our website, please visit Leads 2 Business Wiki.
To view more Featured Companies, please visit our Leads 2 Business Blog.

About Candice Erasmus

I have been working at Leads 2 Business for 10 years of which 8 have been as the Sales Manager. I enjoy every aspect of my job and strive to hold the L2B flag high in all I do.

Explaining Key Tender Vocabulary

Vocabulary is an important element in our day-to-day lives and it determines how people respond or react to what is being said to them. The vocabulary of a tender is the language or jargon that is used when publishing a tender, these words are used in order to attract the right people and people that will understand what is expected of them.

The important key element of a tender is what is being done and where is it being done. The type of work being done has to be stated as this is essential in sourcing the right people for the job if the tender requires building the tender has to state that it is for construction and if the tender is for consultants the tender again will state “professionals”. Another element is the location of the work and the duration of the work. The work may be done in a city, town, province or national for the period stated.

In the tender sector, different companies do different works therefore categorizing a tender is important. The vocabulary also gives an understanding of the category the tender falls under meaning a tender can be categorized as IT or Building or Trades based on the vocabulary that is being used.

Tenders usually have restrictions on who can tender and conditions to tender, these restrictions are usually in tender jargon or tender language for example a tender may require a CIDB grading in order to tender. A CIDB grading is a rank given to a construction company based on the value and experience of its past construction projects. The rank is based on work, financial and general compliance criteria.

A tender is time-based like most things in the world and time waits for no man. It is important to note the site inspection and the closing date as this is beneficial. For some tenders, a site inspection is important and compulsory and one cannot tender if they did not attend the site inspection most tenders will not under any circumstances accept late submissions therefore time is a very important element to note and respect when tendering.

Is there any tender vocab we missed that you’d like covered? Drop a comment below.


To view more Articles, please visit our Leads 2 Business Blog.
If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
To view notes with screenshots on how to use our website, please visit Leads 2 Business Wiki.

Featured Tender: Procurement of Sewer Construction Works at Botswana National Youth Council BNYC

Contract Number:

MYSCCS/WORKS/05/2022-2023 – Ministry of Youth, Gender, Sport and Culture Facilities Management Unit

Description:

Tender offers are invited from 100% citizen owned companies for the procurement of sewer construction works at Botswana National Youth Council for Ministry of Youth. Gender. Sport and Culture.

Category Industry
Infrastructure Institutional
Region Site Inspection
Botswana 2022-07-13 02:00 PM
Closing Date Contract Period
29 July 2022 at 10:00 (Local Time) No Details

Please visit Leads 2 Business for more information on this Tender Notice.
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For assistance on how to use our website, please visit Leads 2 Business Wiki.
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L2B Opportunities created in the last 30 Days – June 2022

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Our comprehensive, online, resource platform delivers daily leads to help you make informed business decisions. Find construction Tenders and Projects within the building, infrastructure, mining, and industrial sectors. Opportunities are researched throughout South Africa and Africa. We put new business prospect leads within your reach.

Leads 2 Business Opportunities we have created in the last 30 Days: for more information check out our Pricing Page.


To view more Articles, please visit our Leads 2 Business Blog.
If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
To view notes with screenshots on how to use our website, please visit Leads 2 Business Wiki.

About Sasha Anderson

Millennial Mom + wife living the hash-tag life. Reach out if you want to talk: L2B, social media, construction, technology, marriage, parenting, popular culture and travel. Remember: If You Fail - Fail Forward

Crypto and Construction


Cryptocurrency, also known as Crypto-currency or Crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions.
Cryptocurrencies do not have a central issuing or regulating authority. A decentralized system to record transactions and issue new units is used instead.

The first Cryptocurrency was Bitcoin, which was founded in 2009 and remains the best known today.

Cryptocurrency is a peer-to-peer system that can enable anyone, anywhere, to send and receive payments and does not rely on banks to verify any transactions. Cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. When you transfer Cryptocurrency funds, the transactions are recorded in a public ledger. Cryptocurrency is so-called because it uses encryption to verify transactions and is stored in a digital wallet. Advanced coding is involved in storing and transmitting data from wallets to public ledgers.

So how does it work?

Cryptocurrencies run on a distributed public ledger called Blockchain. This is a record of all transactions updated and held by currency holders. Cryptocurrency units are created through a process called Mining. Mining involves using computer power to solve complicated mathematical problems that generate coins. Users can also buy the currency from brokers, and then store and spend them using the Crypto wallets.

Cryptocurrency is not tangible. You will only own a key that allows you to move a record or unit of measure from one person to another without a third party. It is also considered to be immune from inflation because there is a fixed supply and the Government cannot manipulate the value. The market manipulates the value based on supply and demand.

Are there any benefits of using Cryptocurrency?

Two of the significant benefits of using crypto are that there are fewer fees and the money is available almost instantly. Instead of paying bank fees for electronic transfers or credit card processing, providers pay less than a cent per transaction. Cryptocurrency can also be instantly transferred into cash and deposited into your bank account, cutting down the time it takes to get paid.

For international companies, using Cryptocurrency avoids exchange rate calculations and converting cash into different money types. Vendors will also have more control over their funds as transactions cannot be reversed by the purchaser. If a customer wants to get their money back, they must request it from the vendor. This protects vendors from customers who make purchases and then cancel and do not return the merchandise.

Crypto and Construction?

1. Smart Contracts
Smart contracts are automated contracts that reduce the necessity of intermediaries and can save time and money and are poised to make their mark on the industry. Blockchain is one way that these contracts can be updated and transactions recorded.
2. BIM
Building Information Modeling (BIM) technologies are being implemented on project sites.
When combined, BIM and Blockchain can work greatly to enhance the effectiveness of smart contracts. Combining BIM and Blockchain can work in holding all parties on a project accountable and creating a higher level of transparency. The combination could improve the effectiveness of BIM technology. Currently, BIM uses peer-to-peer networks for information sharing, but Blockchain could make updates in real-time. This constant feedback and monitoring would help with transparency, lead to better overall communication and ultimately result in a higher quality of workmanship on a project.
3. Payments
The Blockchain concept is built around a monetary exchange, as it involves Bitcoin and/or Cryptocurrency.
Blockchain can therefore be used to streamline payment processing. Getting timely payments to all stakeholders on a project tends to be a significant challenge for many companies.
Failure to pay on time can lead to conflict, and when a dispute arises, there is potential for the project to go south as a result. By increasing security and creating traceable information, Blockchain can improve the payment process. One technology poised to play a role is BuilderChain, a platform that’s designed to change the way sub-contractors are both hired and paid. It can better ensure that sub-contractors are paid fast and that relationships with good subcontractors are fostered.
4: Supply Chain Management
Blockchain can help trace physical items from origin to destination.
It can help improve transparency, which can help all parties stay on the same page and avoid potential pitfalls and oversights.
Similarly, Blockchain can help enable contractors to use unique digital identifiers to verify vendors and suppliers, and thereby grow their reputation over time based on how well their work is performed. These digital IDs can help a company verify the credentials of any subcontractors before they are hired.

The Cryptocurrency market is quite volatile, so users should be prepared for ups and downs. Cryptocurrency is relatively young and is considered highly speculative. If you plan to participate, do your research and invest conservatively to start. Do you think Crypto and Construction related applications will be adopted well in Africa?


To view more Articles, please visit our Leads 2 Business Blog.
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About Melanie Miles

One girl who would rather wear boots than high heels...

Staff Spotlight: Nirasha Rampersad

Nirasha Rampersad- doc

To view more Articles, please visit our Leads 2 Business Blog.
If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
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About Nirasha Rampersad

I started working for Leads to Business June 2017 as Support Assistance in L2Q.

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