Millstream Associates will be showcasing their flagship product Tenders Direct, at Constructionline’s North East Meet the Buyer event in Sedgefield, on Thursday 10th September 2015.
More than 4,000 private sector companies use Tenders Direct to find new business opportunities, of those over 950 are construction businesses.
In the last 12 months Tenders Direct has seen a 14% increase in public sector construction tenders in the UK and Ireland, with the number of available contracts rising to over 15,300. From January to July this year there has already been over 9,000 available construction contracts and these look set to steadily rise over the year.
Tenders Direct has noted a significant increase in renewable energy tenders, including solar panels, geothermal/heat pumps, biomass heating, combined heat and gas and energy efficiency consultancy, (+35%). There has also been a 25% increase in Architecture and Design opportunities and an 8% increase in new build tenders.
Tenders Direct managing director Tim Williams added;
“Construction is a major source of tenders in the UK and Ireland, with the government reducing regulations and reforming the procurement of construction projects, this has reduced costs and opened further opportunities for small and medium sized companies.
Around 70% of the construction tenders published over the past year have been below the EU threshold of £4.3million, which means they do not need to be advertised in the Official Journal of the European Union (OJEU)
These smaller, but still valuable, contracts are particularly attractive to smaller companies as there is much less competition from major contractors or overseas companies.
Buyers are also being encouraged to break contracts down into smaller lots – which should make a huge difference for small companies in the construction sector.”
“By attending this Meet the Buyer event we hope to be able to help companies in the North East, who are interested in supplying tenders to the public sector and inform them on how to find the right type and size contracts to increase their chances of winning tenders.”
Register to attend the Meet the Buyer event free of charge at http://bit.ly/Constructionline-Sedgefield
