Bids Online For You Limited (BOLFYNG), a Nigerian limited liability company, has launched a new electronic procurement solutions expected to enable Nigerian companies carry out the process of tendering, pre-qualification and contract bidding on an electronic platform and also bridge the gap between purchasers and suppliers.
Speaking at the launch of the portal in Lagos, last week, Yinka Sorinwa, business development director, BOLFYNG, said “BOLFYNG’s main objective as Nigeria’s first real-time procurement online platform is to provide a platform where up-to-date information is made available to organisations that need them,” as the firm aims to become the most used and frequently visited web portal for bid publishing, e-prequalification and e-bidding.
“The traditional manual process of procurement is now obsolete, making the bid tendering and application process very slow, frustrating and time consuming with very tedious process for payment and bid document pick up.
“Many advanced countries have replaced this with e-procurement and this solution is what BOLFYNG offers. Purchasers and Suppliers can now undertake the procurement process with ease by signing up to the portal –www.bolfyng.com.
“It is of no benefit to both the suppliers and purchasers to go through so much stress before negotiations or business can be conducted. Technology has made things easier now which have been demonstrated in online shopping platforms, local search engines’, banking transactions and many more, BOLFYNG is now here to do the same in the procurement sector,” Sorinwa said.
He also revealed that the firm was already attracting the attention of the Bureau of Public Enterprise (BPE) and some state governments like those of Lagos and Osun, stating that “the online portal connects suppliers of various goods and services to purchasing organisations from the local, state and Federal Government, education, consulting, engineering, financial institutions, construction, healthcare sectors, public and private companies and many more across Nigeria and beyond.”
The platform will promote the best procurement practices across public/private sector organisations to boost economic growth by ensuring transparency in contract notification, evaluation and award through deployment of tested technologies and applications.
OLUSEGUN ABISOYE
