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Bogota, Colombia, 4 October 2023 — Colombia’s publicprocurement market is around $150 billion annually, making it a unique opportunity to boost business growth, especially for small companies. CREDERE operates directly with open data on public contracting to unlock new opportunities for small companies in publicprocurement.
Challenge: Indonesia’s publicprocurement sector is highly vulnerable to corruption. Fragmented and inconsistent auditing practices across the decentralized government system have impeded effective oversight. Publicprocurement stands out as the most vulnerable sector to corruption in Indonesia.
These agreements define terms, conditions and price for goods and services and allow authorities to procure without having to re-run lengthy tender processes. Tracker Intelligence provides businesses with the tools to find the right publicprocurement frameworks , and the insight to help suppliers win these valuable contracts.
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The team developed a three-pronged strategy: talk to MSMEs and build their capacity to bid on contracts; simplify the bidding process for smaller businesses; and use innovative technology to better measure and manage opportunities for small business vendors. They tried to set the project up for success in three ways.
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