Spaq Labs Government Tender Profile

With a substantial portfolio of 111 government tender participations, Spaq Labs 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.

Proven L1 Bid Success with 32 Contract Wins

Spaq Labs has successfully secured 32 L1 positions in government tenders, demonstrating their strategic pricing approach and competitive bid strategy. With a win ratio of 28.8% across 111 tender participations, they have established a reliable track record in government procurement. Their bidding performance also includes 0 L2 and 0 L3 rankings, showing consistent competitiveness in public sector contracts.

Financial Performance in Government Tenders

Spaq Labs has bid on contracts with a total value of ₹1,34,77,779.0, successfully securing ₹1,34,77,779.0 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 Gujarat government tenders, showing geographic specialization in their public procurement strategy. Their tender history includes significant engagement with Education Department Gujarat, Department Of Higher Education, Na, where they have demonstrated specific procurement expertise. They have experience bidding with Directorate Of Technical Education, Commissionerate Of Technical Education, Government Engineering College Dahod, showing familiarity with diverse organizational procurement requirements.