Government Tender Analysis: Newness

Newness has submitted bids for 28 government tenders, establishing themselves as an active participant in the public sector procurement ecosystem. Their tender history reveals important patterns in qualification rates, competitive positioning, and category specialization.

Superior Tender Success Rate of 82.1%

Newness demonstrates exceptional government tender performance with an impressive win ratio of 82.1%. Out of 28 tenders, they have secured 23 L1 positions (lowest bid winners), establishing them as a highly competitive government contractor. The company has also achieved 0 L2 and 0 L3 positions, further highlighting their consistent ability to offer competitive pricing across various government tender categories.

Financial Performance in Government Tenders

Newness has bid on contracts with a total value of ₹,72,47,51,138.0, successfully securing ₹,72,47,51,138.0 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.

The company's average Earnest Money Deposit (EMD) of ₹2,18,000.0 indicates their financial capacity to participate in substantial government tenders requiring significant bid security.

Specialized Government Procurement Focus