Our latest tool brings insights about each industry in Singapore’s tenders market to your fingertips. Industry Statistics and Benchmark Reports are available for the 99 industries that we track on TenderBoard.

What’s the purpose of these Reports and what can we expect?

We have enhanced our search capabilities again, making it easier and clearer when looking for business opportunities and tenders through our site. There are 2 updates:

1. Search Summary Bar

Our tender search capabilities have improved, making it even easier to find tenders in Singapore. When searching for tenders on our site, you can now fine tune your search by using the "Refine Your Search" button:

Clicking this button opens a pop-up that allows you to filter the tenders in 2 ways:

We are big advocates of using data to improve your tendering and are super stoked about this update. While our data has always been available for you to comb through, it hasn’t been presented in a manner that facilitates analysis. This changes today! We are pleased to announce our latest feature, Tender Analytics, a data analysis tool that lets you make better tendering decisions.

Tender Analytics – a set of decision support analytics baked into every tender listing

We are super excited to announce the launch of a new tool, My Watchlist. We are constantly improving TenderBoard to serve you better and hope that you will find this new feature invaluable.

My Watchlist aims to solve a common problem that we see: that it is a challenge to keep track of all the tenders you are interested in over time. Our current tools, tender search and notification emails solve different problems:

Our mission is to help companies find tenders in Singapore. We have been thinking hard about how we can do this better and have come up with a framework to think about how we can deliver. The first step is in recognizing that our mission actually consists of several sub-tasks:

We busted the myth that tenders are always awarded to the lowest bid in a previous post (Mythbusters - Does the lowest bid always win the tender?). While we uncovered some interesting points, we ended up asking even more questions than when we first started. In this post, we do a deeper dive into the data to try and answer the question: do tenders that are awarded to the lowest and highest bidders tend to be from certain industries?

Method

We have often heard it being repeated, to the point where some take it as gospel truth – “The tender always goes to the lowest quote”. We thought it would be interesting to see what the data has to say about this. In this post, we analyse what the data reveals about tenders in Singapore being awarded to the lowest bids.

Method

We looked at about 38,000 tenders that were awarded over the past year in Singapore. Each tender is categorised into 1 of 4 groups:

In this post, we discuss the Singapore tenders market at a broad level. We share our analysis which reveals the market’s size and constituents. We hope that companies tendering or looking to bid for tenders in Singapore would find these insights useful.

Market Statistics

A data-driven approach requires an understanding of what metrics are important when measuring a company’s tendering performance. In this post, we discuss these key metrics, which can be obtained by analysing tender data. If you are not familiar with the data-driven approach to tendering, do check out the previous post (Part 1 of the Data-Driven Approach to Tendering), in which we introduced the data-driven approach to tendering and how we could infuse insights from data analytics into the tendering workflow.