credence corporation Tender Performance & Track Recordcredence corporation

Credence Corporation Government Tender Profile

With a substantial portfolio of 227 government tender participations, Credence Corporation 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 28 Contract Wins

Credence Corporation has successfully secured 28 L1 positions in government tenders, demonstrating their strategic pricing approach and competitive bid strategy. With a win ratio of 12.3% across 227 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

Credence Corporation has bid on contracts with a total value of ₹5,89,59,185.0, successfully securing ₹5,89,59,185.0 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 Uttarakhand, Andaman & Nicobar, Karnataka government tenders, showing geographic specialization in their public procurement strategy. Their tender history includes significant engagement with Department Of Military Affairs, Department Of Defence Production, Department Of Defence, where they have demonstrated specific procurement expertise. They have experience bidding with Indian Air Force, Bharat Heavy Electricals Limited (Bhel), India Optel Limited, showing familiarity with diverse organizational procurement requirements.