Pandemic due to Covid-19 situation is causing huge impact on Business continuity for most of the companies all across the Globe. Production, Trading, Export, Import, Investment, New Ventures, Demand-Supply are affected across Industry Sectors very badly. Every size and scale of Companies are facing same situation because of 2nd and 3rd Surge of Corona cases spreader around The World.
This situation is a threat to the Survival of Business, Employment in this next wave and Surge of Pandemic, because most of the Companies have already exhausted their Reserves, Finance/Loan seeking status and strength (even cautious of overdrawn Liabilities) are making situation more worse than Last years Pandemic situation.
Every Company now is looking forward to some how “Run their Show” rather winding-up and get the establishment Survive in these ‘Never Seen Before’ circumstances, which is yet unpredictable as how Long will this Last? and when Normalcy of Business will revive?
Considering this Health Emergency situation in almost every country of the World, Every Institutions, Governments, Multilateral Funding Agencies, NGOs, Philanthropists, Cash Rich Technology Companies and Corporates are sparing, donating and spending abundance of Money in making this Pandemic be Controlled and also to help the deprived and distressed individual, entity be helped in every possible aspects, either in terms of Medicine, Protective Gears, Health Infrastructure, Food and Nutrition to the needy and sufferers of this pandemic.
In due course, Most of the Governments are also seeking Donations, Loans, Grants, Charity Funds and other avenues of Fund Raising activities in addition to deployment of their own Revenue and Reserves for managing and handling this grave situation, and are not leaving any stone unturned to help the most needy and affected person and entity.
As a matter of fact, these Funds are considered Public Funds and hence, in order to utilise it for expenditure, every Government has to follow the Public Procurement Norms and Invite Tenders, International Tenders, Online Tenders, Bids, RFPS, RFIs, EOIs, RFQs, Solicitations for functioning of their regular and planned projects and operations.
These huge fund pool estimated to be around 100 Trillion Dollars Annually for Public Contract Spending is routed through Tenders, Global Tenders, International Tenders and gives opportunity to Companies who are struggling to Survive and Run their Show.
It is a Need of Hour to identify this ‘Ray of Hope’ and start looking for Domestic or International Tenders as per the capabilities and credential of the Company.
There is a clear categorisation of Companies who deals in either “Private” or “Public” Business segment, though there are many companies who have different set-up to handle both segment of opportunities (Private & Public).
In current scenario and circumstances, when Private Business Opportunities are drying-up, it would be a wise decision for Companies to start looking towards business where you are sure of availability of Funds and Business Selection criteria seems to be Open, Transparent and Accountable, Funds and Budgets are pre-allocated and it is kept reserved for Payment against Public Contracts, this is what is Tender or International Tender route of Business Survival.
BidDetail offers around Half Million Live Tenders, which are Direct Business Opportunities, everyday BidDetail is posting 40,000 to 45,000 New Tenders, Global Tenders, which is being alerted to the Companies for their specific selection of Product, Services, Consultancies, Works etc., this process keeps you and your Company engaged in identifying your Opportunities, preparing for it and entering in to Competitive Bidding procedure and if you are found to be most competitive Technically and Financially, you will be awarded this Bulk Business Contract, which can occupy your business capacity for some period of time and hence it will make your Company and its Employees be surviving and maintaining their Business activities intact.
BidDetail is also offering more than 4 Million Contract Awards data, which is Very Huge and High Potential Indirect Business Opportunities for your Company, in case if your Company’s Product/Services/Consultancies/Works does not qualify for Direct Government Contracts.
These Contract Awards information gives you details about other Companies who has Won Public Contracts from Government Entities in past with details of Product/Service/Consultancy/Works Contracts and its Contract Value, many times, it also provides which are the Companies who participated but could not Win that Contract. These information is also very important and vital for Bidding, Contracting, Vendor Companies who wish to know their Competitors and their Competition level, in order to get themselves be readying-up for out-bidding in the next upcoming Bid or Tender, International Tender or Global Tender.