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?

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 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:

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.

Most companies that bid on tenders in Singapore are not able to take a data-driven approach to tendering. In fact, they would not be able to easily perform data analytics on tenders even if they wanted to. Tender data is simply not found in way that enables ease of analysis. This is one of the reasons TenderBoard was created – to serve as a platform that enables analysis of data that would allow companies to be more competitive. In this 2 part blog, we discuss the data-driven approach to tendering.

If you are an organisation looking to participate in tenders in Singapore, you will find this site indispensable. From here, you can easily search across the many sites hosting tenders in Singapore (both government and private sectors). We also provide tools and data that may be used to derive competitive intelligence, as well as insights about the market.