Public Procurement Data can reveal trends in government spending
Nomad has partnered with a leader in government contract awards data. Governments around the world spend almost $13 trillion on public procurement every year. Yet, data on public procurement contracts remains an underexplored alternative data source.
Our partner has unique capabilities in retrieving, processing, and aggregating government contracts data with history going back over ten years. The total number of awarded contracts has now exceeded 90 million and covers nearly 50 countries worldwide.
Global public procurement contracts data helps users understand the title and the description of the contract, information about the government agency, the awarded company, the contract value, as well as basic corporate information about the winning companies.
Our partner has been able to help customers understand real world participation in green projects with a unique database of 4.5 million green public contracts totaling $220 billion. These projects focus on green contracts in the renewable energy, reduced emissions, agriculture, biodiversity, natural resource preservation, international eco labels and standards, and recycling and waste reduction.
This partner comes full circle with a global defense and military contracting news feed. Reporting on over 150,000 contract announcements tracked to over 3,000 publicly listed companies, the news feed creates a framework for global and regional economic analysis based on actual purchasing activity of governments around the world.
Why it matters
Public procurement data enables users to zoom in on specific market segments, monitor competitor performance, and identify growth opportunities. Public spending is on the rise, so keeping a close eye on this market has become increasingly worthwhile for both traditional suppliers and companies looking to tap into this market.
With Nomad Data you can focus on specifying the use case you’re trying to solve for, and we’ll connect you with this industry leader if their data can inform on it. Some sample use cases identified for this data include:
- Understand existing public sector contracts in a targeted industry
- Review sizeable defense and military contracts with immediate potential to affect stock performance of major defense suppliers
- Create a robust framework for global, regional, and sectoral economic analysis based on the purchasing activity of the governments around the world
- Build strong revenue predictions and monitor the mid-term effect of any major contract
To be connected with this industry leader for your data needs, please log in to Nomad Data and share your specific use case.