TenderCast: Volume, Value and Price
Analytics for Living's TenderCast: Volume, Value and Price
Understanding what a tender might be worth – in terms of expected volume and price – is as critical as knowing when it will occur. TenderCast: Volume, Value and Price tools enable both government and industry users to estimate these parameters with confidence.
There is no public repository that transparently provides typical volumes or pricing for upcoming tenders, yet preparing a winning strategy requires such knowledge. TenderCast fills this gap by utilizing historical data, economic indicators, and machine learning models:
-
Volume & Value Estimation: For a given commodity or service, TenderCast analyzes past tenders (globally and within the target country) to suggest expected order quantities and contract values. These estimates are calibrated with macro factors like GDP, population needs, and government budget trends to ensure realism. For example, if Country A’s health ministry historically buys 100,000 units of a vaccine annually via tenders, and its population has grown 5%, TenderCast may forecast a volume of ~105,000 units in the next tender cycle.
-
Price Benchmarking: TenderCast provides an estimated price range for bids (“price-to-win”). By learning from awarded contract prices (where available) and adjusting for inflation and local market conditions, it offers a benchmark price per unit or overall contract value. Agencies can use this to evaluate bid reasonableness, and bidders can use it to avoid over- or under-bidding.
-
Scenario Analysis: Users can input their own assumptions or historical internal data to refine these volume/value estimates. The tool supports quick scenario simulations – for instance, adjusting the assumed demand up or down to see how it affects likely bid prices or required production capacity.
By having data-driven volume and price insights at their fingertips, businesses can craft proposals that are competitive yet sustainable, and government procurement officials can ensure budget plans align with market reality. In practice, our clients have used this feature to justify funding needs (using external data to validate costs) and to secure executive buy-in by demonstrating a clear understanding of market dynamics.