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This analysis highlights historical performance in the Chhattisgarh tender market, revealing trends, seasonal patterns, and insights into bidding strategies. The state has witnessed significant growth in tender values, with an increasing number of active bidders.
Key metrics and strategic indicators
October 2024 saw the highest volume with 1,205 tenders issued, comprising 27% of annual totals.
Chhattisgarh's win rate is above the national average, indicating effective bidding strategies.
Competition levels remain low, with an average of 1.84 bidders per tender, facilitating higher success rates.
The market is characterized by a few key players, with the top 5 companies holding only 16.15% of the market share.
Historical data shows a steady increase in tender values, indicating a robust growth trend.
High for new Indian MSMEs.
Moderate for growing companies.
High for established firms.
Limited to large enterprises.
Focus on specialized services and competitive pricing.
The market aligns closely with the **Indian financial year**, reflecting seasonal spending patterns.
A+ for high-value contracts.
Infrastructure and manufacturing sectors.
A for strong growth potential.
Power generation and distribution.
Moderate, requiring compliance with regulations.
High due to low bidder numbers.
Chhattisgarh shows a 10% higher win rate than the national average.
Strategic location enhancing logistical efficiencies.
Government support for MSME development.
Access to a diverse talent pool in engineering and services.
Key insights about Chhattisgarh tender market
Chhattisgarh has issued 4,480 tenders worth ₹13,961.1 crore in the last financial year.
Success is driven by understanding market dynamics, maintaining compliance, and engaging actively on the GeM portal.
Tender values have shown consistent growth, reflecting increased government spending in infrastructure and services.
Competition is generally low, with an average of 1.84 bidders per tender, allowing for higher win probabilities.
Popular categories include construction, transport services, and supplies, particularly in the infrastructure sector.
Understanding peak months such as October can help businesses time their bids effectively to maximize success.
Apply these market insights to optimize your proposal timing...