precision steels Tender Performance & Track Recordprecision steels

Government Tender Analysis: Precision Steels

Precision Steels has submitted bids for 38 government tenders, establishing themselves as an active participant in the public sector procurement ecosystem. Their tender history reveals important patterns in qualification rates, competitive positioning, and category specialization.

Proven L1 Bid Success with 6 Contract Wins

Precision Steels has successfully secured 6 L1 positions in government tenders, demonstrating their strategic pricing approach and competitive bid strategy. With a win ratio of 15.8% across 38 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.

Notably, Precision Steels has demonstrated capability in high-value government contracts, participating in 5 major procurement projects. This experience with premium government tenders indicates their capacity to handle significant public sector work and complex project requirements.

Financial Performance in Government Tenders

Precision Steels has bid on contracts with a total value of ₹,32,58,23,123.0, successfully securing ₹,32,58,23,123.0 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.

The company's average Earnest Money Deposit (EMD) of ₹,80,336.66666666667 indicates their financial capacity to participate in substantial government tenders requiring significant bid security.