Spike Technologies Government Tender Profile

With a substantial portfolio of 62 government tender participations, Spike Technologies 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.

Superior Tender Success Rate of 50.0%

Spike Technologies demonstrates exceptional government tender performance with an impressive win ratio of 50.0%. Out of 62 tenders, they have secured 31 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

Spike Technologies has bid on contracts with a total value of ₹,33,15,77,990.0, successfully securing ₹,33,15,77,990.0 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 Maharashtra government tenders, showing geographic specialization in their public procurement strategy. Their tender history includes significant engagement with Department Of Defence Production, Department Of Defence Research & Development, where they have demonstrated specific procurement expertise. They have experience bidding with Advanced Weapons And Equipment India Limited, Office Of Dg (Ace), showing familiarity with diverse organizational procurement requirements.