What is an awarded tender?

Public procurement is a term used to describe the purchasing of works, supplies and services on behalf of a public authority, such as a government agency, local (municipal) bodies, and public institutions such as schools or hospitals. After its initial publication, each public tender is open for application by other companies for a certain time period. After the deadline, the applicants’ offers are evaluated and the tender is awarded to one or more companies. With nearly 20% of GDP worldwide accounting for government spending, public procurement is a substantial part of the global economy.

Data Application

Our awarded tenders database has various applications:

Credit Rating – analysis of awarded tenders contributes to assessing private companies risk alert monitoring. In addition it contributes to predicting cash flow, backlog orders and forecasting future earnings and projects pipeline.

Macroeconomic and Public Spending Analysis – The Company Monitor’s database is the perfect tool for monitoring public spending transparency in any country or region helpful for both - market and policy impact analysis. It also provides insights into industry sectors and the means to conduct in depth analysis and more accurate industry and business opportunities forecasting.

Other Applications – Other applications of the data include analysis of the competition, marketing and sales leads as well as partnership opportunities.

Data Breakdown

Tender information in The Company Monitor is very detailed and contains the following data points:

• Industry classification
• Title
• Description
• Country
• Location of works or place of delivery
• Value of tender
• Other

Data Delivery Options

Historical data – includes awarded tenders data between 2010 and 2016 (earlier years are available upon demand) Ongoing feed – we can deliver data periodically (weekly, monthly, quarterly). A typical weekly data feed consists of more than 20,000 awarded tenders. All data is formatted, organized and standardized and can be delivered in the following formats:

• JSON API
• CSV
• TXT
• Others upon demand