Submitted by tenderbotadmin on 11 May 2015 - 12:49am
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?
Submitted by tenderbotadmin on 4 April 2015 - 11:04pm
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:
