Private sector companies registered at MoF can submit quotations for tenders, bids and supply contracts issued by ministries and federal entities. To register, suppliers must meet requirements and submit required documents, as well as pay the fees and renew the registration annually. Registration enables suppliers through the ministry's website or smart application to participate in tenders issued; whereas the Oracle system for e-procurement allows registered suppliers to find out about all tenders and auctions issued by the federal government. They can also participate in these tenders and auctions by submitting bids, following-up on purchase orders and payments, and submitting invoices online. The Oracle system ensures the announcement of the results of contract awarding in a transparent framework that increases work efficiency and speed.