The Industry is Massive...
The Tendering (Public Procurement) Industry Stands as one of the Largest Worldwide...Being backed by major global organizations such as the United Nations and Domestic Governments, the industry boasts an annual value of $13 Trillion, making it second only behind the Financial Services Industry and narrowly outdoing the Health Industry.
...Yet Outdated.
...But compared to its size and industry counterparts, it is massively outdated.Tenders are scattered over thousands of issuing platforms with hundreds of pages of information. Within their issuing platforms, there is a lack of digitalisation, where this spills into the method of working of the bidding parties. Furthermore, this also causes a lack of synchronization between all stakeholders involved.