SMEs won bulk of public tenders in H1 2014
SMEs need to be more proactive in managing balance sheets to tender for public projects: study
Singapore
SMALL and medium-sized enterprises (SMEs) in Singapore have been successful in securing public projects, with 79 per cent of the contracts awarded by all ministries having gone to SMEs rather than MNCs in the first half of 2014, a study by analytics firm VSC showed.
The study also found a high correlation between a company's financial strength and the level of success in winning public tenders. As a result, SMEs need to be "more proactive in managing their balance sheets" when it comes to public tenders, VSC said.
In the study, SMEs are defined as enterpr…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year