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The Tendering Landscape in the UK – Everything You Need to Know

The Tendering Landscape in the UK – Everything You Need to Know
18 May 2021
 

The global COVID-19 pandemic has significantly influenced socially distant selling and tendering is no exception.

Tendering perfectly suits businesses looking for ways to improve their revenue stream and helps in building a strong sales pipeline because it is at heart "socially distanced" selling. In 2020, there were over 2,500 facilities services public-sector tenders published in the UK worth billions of pounds with the highest value contract being worth £141 million.

According to the Institute of Workplace and Facilities Management, the UK facility management market was valued at USD 67.29 billion in 2019, and it is expected to reach USD 70.14 billion by 2025, registering a CAGR of 1.86%, during 2020-2025. The growing trend towards commoditization of facility management (FM) drives the market.

 

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Article written by Shreya Hegde | Published 18 May 2021

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