Tussell’s latest research, mined from its database of government contracts dating back to 2012, reveals increasing activity in UK public procurement. Last month £24 billion of new tender opportunities were published by Central and Local Government as the number of contracts offered reached an all-time high for the second time in as many months.
Opportunities in public procurement continue to grow
2,300 tenders were published in June - up 11% on the same month last year. Despite wider economic uncertainty, the number of opportunities to win government contracts is growing.
Local Govt responsible for half of all tenders
Local Government buyers published 1,000 tenders in June, nearly three times as many as Central Government. If you’re looking for a high volume of new bidding opportunities, this is where the action is.
Construction the top sector for new opportunities
Nearly a quarter of all tenders in June related to Construction. In every month of 2018 so far, more Construction tenders have been published than any other sector. Are you winning your share of it?
Top 5 Opportunities in June 2018
|Contracting Authority||Contract Title||Bid Deadline||Tender Value|
|Network Rail Infrastructure Limited||IP Track Delivery — Track Works||02/07/2018||£5.0B|
|Department for International Development||International Multi-Disciplinary Programme (IMDP)||PIN||
|Cabinet Office/CCS||Vehicle Purchase||16/07/2018||£3.0B|
|Ministry of Justice||Prisoner Escort and Custody Services In England and Wales||19/07/2018||£1.6B|
|Cabinet Office/CCS||Vehicle Lease and Fleet Management||PIN||£1.4B|
£8B of contracts expire in next 18 months
Don’t just respond to requests for tender - anticipate them. Build a pipeline of bidding opportunities by filtering 8,300 upcoming contract renewals in the next 18 months and start engaging with potential buyers now.