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The construction industry in the Caribbean has been riding a wave of economic growth that is reshaping the region’s landscape.
At a time where competition is high and deadlines when bidding for projects are tight, this blog explores how TenderTrack, Media InSite’s real-time tender monitoring service, empowers construction companies to seamlessly enter new Caribbean markets. From daily alerts on relevant tenders to deadline tracking and industry categorisation, we’ll walk through how firms can gain a competitive edge, reduce administrative burden, and secure more bids faster and smarter. Let’s explore how TenderTrack bridges the gap between missed opportunities and market expansion in a few Caribbean countries.
In Guyana, the sector is being fueled by investment pouring in, driven by the government’s ambitious infrastructure projects, the expanding oil and gas sector, and growing foreign interest. Recent reports indicate that the industry grew by nearly 20% last year, with projections suggesting even more robust growth in the coming years.
In Barbados, as global transformation accelerates, Barbados stands at the edge of innovation, channelling investment into talent and technology to forge a progressive future. The construction industry is emerging as a driving force in Barbados’ economy, fuelling growth and reshaping the landscape. As reported by the Governor of the Central Bank, 2024 has brought robust expansion in construction.
In Trinidad and Tobago, the construction industry is important to national physical development and is an indicator of the economy’s health. Construction booms when the economy booms. Because it employs labour quickly, it is often the first target for fiscal incentives in any effort to revive the economy. But growth in the construction sector has been uneven moving from boom to bust in line with energy prices.
For many years, the certified contractors to the self-taught construction workers depended on word of mouth, which was the testimonial which separated the best from the rest in securing the best fit for the construction project.
However, as the wheels of technology turn fast and furiously, the ability to find the right contractor for the tenders became less challenging.
Tender Alerts
The most obvious and most used method of tender monitoring is Tender Alerts. Using the information gathered in our dashboard this type of service alerts you to any upcoming or published tenders that match the specific keywords your business uses to segment relevant contract opportunities.
Many businesses find a service like this valuable as it eliminates the need to manually search through various tender portals and can make their procurement strategy more efficient.
Data Intelligence
This allows businesses to identify new tender opportunities early through data.
Companies benefit from content belonging to a range of public procurement sources.
This crucial market information can be used strategically to help you stay one step ahead of your competitors and can also drive your business to be more proactive when tendering for public and private sector tenders in the country of your origin and beyond.
Searchable Archive
Historically, data can help you prepare for the future when it comes to public procurement. Our Tender Track Searchable Archives was created for this. It will allow your business to identify buyers who have previously shown interest in certain industry tenders — if they have tendered before, it is likely that they will tender again.
This puts your company in a good place, as you will know what connections to make and what types of businesses you should reach out to.
Tender Track – All in one Service
Tender Track offers access to all the latest tenders and tendering intelligence and tools you will need to gain valuable insight into your industry and competitors.
Our dashboard enables you to search for and track tenders in the public sector industry sector of your choice through our service. By using TenderTrack, you gain access to industry leading procurement tools and services. You also get access to our comprehensive database of tender notices, daily email alerts for the latest contracts as they are published.
With just one click you can easily discover and monitor relevant public tenders in the Trinidad and Tobago and beyond.
Be sure to sign up for our TenderTrack Services to see for yourself how using our tender monitoring tools can keep your business one step ahead of the competition in the construction industry.
Media InSite News is a monthly educational newsletter distributed free via email to executives, managers & professionals in communications, public relations (PR) marketing, customer service and media.
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