Novac Technology Solutions: Government Tender Performance Analysis

Novac Technology Solutions Private Limited has begun establishing presence in India's government tender ecosystem with participation in 10 tenders. This initial analysis examines their early tender participation, technical qualification rate, and emerging procurement strategy.

Superior Tender Success Rate of 50.0%

Novac Technology Solutions demonstrates exceptional government tender performance with an impressive win ratio of 50.0%. Out of 10 tenders, they have secured 5 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

Novac Technology Solutions has bid on contracts with a total value of ₹,17,37,81,856.0, successfully securing ₹,17,37,81,856.0 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

Their tender history includes significant engagement with Department Of Financial Services, Department Of Scientific And Industrial Research (Dsir), Department Of Telecommunications (Dot), where they have demonstrated specific procurement expertise.