Thanks to its broad geographical scope, the TenderAlpha Global Unified Contracts Data Feed facilitates the monitoring of the public procurement market in around 50 countries of varying economic development.
The countries covered by the Feed can be divided into three categories as follows:
- Developed countries (the US, Western European EU members, the UK, Canada, Australia)
- Frontier countries (Eastern European EU members, Latin American and South Asian countries)
- Strategic countries (China and Russia)
Below, we will single out some use cases that apply when using the data from each of the three country groups.
It should be noted, though, that on most occasions, all of the use cases are relevant to all categories. However, the specifics of each group of countries make one application more outstanding when referring to that category.
Developed countries
- Gain in-depth information about the public procurement markets in the Western countries
- Assess competitiveness of various markets and identify key players
- Measure government involvement in particular industries
Developed countries provide detailed information about their public procurement. Thanks to the comprehensiveness of the data, it is possible to zoom in on the activities of companies large and small, using their success in public procurement as an indicator of their financial stability and prospects.
The same goes for analyzing the market competitiveness in different countries and the government involvement in certain industries as measured by the public spending made through government contracts.
Data from the developed countries facilitates industry analysis by revealing market leaders and the most sought after products and services. This information can be used to identify market gaps and single out companies for collaboration.
Frontier markets
- Spot potential irregularities in public procurement, such as favoritism towards certain companies
- Track if fair competition is in play
- Gauge public procurement exposure of companies
The economies of the frontier countries are still relatively risky, compared to more developed ones. Those risks are sometimes associated with practices that are not compatible with the principles of free market and competition.
This is why it is worth monitoring the public procurement process in these countries. The official, government-verified public contracts data provided by TenderAlpha can reveal any dependencies between certain companies and governments (e.g. if a firm has been more successful in one government’s term and less so in another’s).
Furthermore, you can calculate what percentage of their revenue comes from government contracts won, thus measuring each company’s exposure to public procurement. By doing this, you can get an idea of the stability and prospects of regular awardees.
Strategic markets
- Monitor the economic activity of geopolitically significant countries, such as China and Russia
- Insights into state-owned enterprises and their involvement in public procurement
- Understand government priorities by identifying the industries that receive most government funding
Data from countries like China and Russia, whose geopolitical goals often differ from those of the Western countries, is often hard to obtain. Nevertheless, after overcoming a few technological challenges, TenderAlpha can offer public procurement data from both countries, with the Chinese Government Contracts Data our latest product.
Being able to monitor the public spending in these countries offers unique insights into the priorities of their governments as revealed by the public projects they spend significant amounts of money on. Such projects could be directed towards the development of critical technological innovations or infrastructure. Or, else, they can be energy projects whose impact is likely to be felt worldwide.
Last but not least, there are quite a few state-owned enterprises that win some of the largest public contracts in China and Russia. Therefore, it is valuable to track their performance and the actual impact they have within the respective country, in order to evaluate the market dynamics in place and mitigate possible risks associated with interacting with these companies.
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