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This historical analysis of Jharkhand government tenders reveals insightful performance patterns and procurement trends over the 2024-25 period, showcasing how MSMEs can capitalize on these insights.
Key metrics and strategic indicators
The peak tender activity occurs in April, with a total of 1,500 tenders issued, contributing to 36.9% of the annual volume.
The overall win rate for tenders in Jharkhand stands at 30.76%, which is competitive against national averages.
Competition levels have shown a steady increase, with an average of 2.17 bidders per tender.
The market is led by the Ministry of Coal, with significant contributions from the Ministry of Power and Ministry of Defence.
A consistent upward trend in tenders related to manpower outsourcing and technology services has been observed.
High potential for new **MSMEs** and startups.
Growing opportunities for expanding firms.
Established firms should target these.
Large enterprises can engage effectively.
Focus on quality and compliance has led to sustained performance.
The seasonal pattern follows the Indian financial year, with peaks aligned with budget allocations.
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Energy sector with emerging categories.
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Strong focus on renewable energy projects.
Moderate barriers due to regulatory requirements.
Jharkhand's lower bidder count provides better chances for MSMEs.
Jharkhand's win rate is favorable compared to national average of 20%.
Cost-effective operations due to lower overheads.
Government incentives for local firms to boost participation.
Strategic location for logistics enhancing procurement efficiency.
Key insights about Jharkhand tender market
The analysis reveals that Ministry of Coal and Ministry of Power dominate the market, with a significant number of tenders available, indicating strong opportunities for MSMEs.
April is the peak month for tenders, contributing to 36.9% of the annual volume with over 1,500 tenders issued.
The average win rate stands at 30.76%, which is competitive when compared to national averages.
Jharkhand has a lower average of 2.17 bidders per tender compared to the national average of 4, providing better chances for local MSMEs.
Focusing on compliance, maintaining a strong local presence, and building relationships with government officials are key to winning tenders.
Jharkhand offers cost-effective operations, government incentives, and good connectivity, making it an attractive place for businesses.
Apply these market insights to optimize your proposal timing...