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How Public Procurement Works

Public procurement is the process by which governments and international organizations purchase goods, services, and works from the private sector. These opportunities, commonly called tenders, are published openly to encourage competition and ensure transparency. Every year, public procurement accounts for an estimated 12-15% of global GDP, representing trillions of dollars in business opportunities for companies of all sizes.

Types of Tenders

Procurement opportunities come in several forms, each with different requirements and evaluation criteria:

• RFP / Open Tender: Detailed submissions evaluated on both technical quality and price, including open competitive bidding for goods and works
• Expression of Interest (EOI): Preliminary submissions to shortlist qualified firms before a full RFP
• Request for Quotation (RFQ): Simplified process for low-value purchases where price is the primary criterion
• Prequalification: Screening process to assess firm capacity before formal bidding

Our Funding Sources

BidsFactory aggregates procurement notices from leading international organizations:

• World Bank Group: The largest multilateral development bank, funding projects across 140+ countries
• Asian Development Bank (ADB): Infrastructure, energy, and social development across Asia and the Pacific
• African Development Bank (AfDB): Development projects spanning all 54 African nations
• Inter-American Development Bank (IDB): Economic development in Latin America and the Caribbean
• UN Global Marketplace (UNGM): Procurement from UN agencies including UNDP, UNICEF, WFP, and UNOPS
• BCIE: Central American Bank for Economic Integration serving 8 member countries
• IUCN: International Union for Conservation of Nature, focused on environment and biodiversity
• SADC: Southern African Development Community procurement across 16 member states
• PLACSP: Spain's national public procurement platform with hundreds of daily opportunities

Key Sectors

Our platform covers 30 sectors spanning the full range of public procurement needs, from construction and infrastructure to information technology, healthcare, education, energy, agriculture, water and sanitation, transport, governance, and environmental services. Each sector includes specialized subsectors for precise matching.

Geographic Coverage

BidsFactory monitors procurement opportunities in 200+ countries across all regions: Africa, Asia, Europe, Latin America and the Caribbean, the Middle East, Central Asia, and the Pacific. Whether you are targeting a single country or pursuing opportunities across an entire region, our filters help you find relevant tenders quickly.

Understanding Eligibility

Tenders specify eligibility requirements that determine who can bid. Some contracts are open to individual consultants, others require registered firms, and many accept both. International development bank projects are typically open to firms from all member countries, while national procurement may include domestic preferences or local content requirements.

How to Win Tenders

Success in public procurement requires a systematic approach:

• Monitor early: Track upcoming opportunities before they are formally published
• Understand requirements: Read tender documents thoroughly, noting mandatory criteria and evaluation methodology
• Build track record: Start with smaller contracts and build references progressively
• Form partnerships: Joint ventures and consortia expand your capabilities and geographic reach
• Prepare templates: Maintain updated capability statements, CVs, and reference documents
• Meet deadlines: Late submissions are automatically disqualified regardless of quality

Why BidsFactory

BidsFactory saves you hundreds of hours by aggregating tenders from multiple procurement portals into a single searchable platform. Instead of checking nine different websites daily, you receive all relevant opportunities in one place, with advanced filters to find exactly what you need. Our AI-powered classification ensures accurate sector tagging and budget extraction.

Getting Started

Create a free account to search our full database of open tenders. Use the filters on this page to narrow results by funding source, sector, country, contract type, eligibility, and budget range. Set up email alerts to receive notifications when new opportunities matching your criteria are published.