Credence Enterprises Government Tender Profile

With a substantial portfolio of 63 government tender participations, Credence Enterprises has demonstrated strategic engagement in India's public procurement landscape. This analysis provides insights into their bidding performance, tender success patterns, and competitive positioning in government contracts.

Government Tender Performance Development

Credence Enterprises has achieved 3 L1 positions as the lowest bidder in government tenders, with additional 0 L2 and 0 L3 rankings. With a tender success rate of 4.8% across 63 bids, the company is actively building their government procurement capabilities. These early performance indicators provide valuable insights into their competitive approach and positioning in the public sector procurement landscape.

Financial Performance in Government Tenders

Credence Enterprises has bid on contracts with a total value of ₹1,39,71,642.0, successfully securing ₹1,39,71,642.0 in government contract value. This represents a 100.0% conversion rate of bid value to won contracts, demonstrating their effectiveness in targeting and securing valuable public sector projects.

Specialized Government Procurement Focus

The company has established a regional presence in Assam, Gujarat, Jammu & Kashmir government tenders, showing geographic specialization in their public procurement strategy. Their tender history includes significant engagement with Department Of Military Affairs, Na, Department Of Defence Production, where they have demonstrated specific procurement expertise. They have experience bidding with Indian Army, Kendriya Vidyalaya Sangathan, showing familiarity with diverse organizational procurement requirements.