Alternative Data and Public Procurement.

Alternative Data and Public Procurement.

January 5, 2022

There are some good reasons for including procurement data in your alternative data strategy.

Governments are big and getting bigger. Before the pandemic, they spent $13 Trillion per annum with their suppliers.

They spend money on everything from aerospace to zoology.

Most importantly, governments pump out millions of rows of data on what they want to purchase, what they are purchasing, and how they engage with different markets.

At Spend Network, we gather 24 million documents a year on public procurement.

You don’t have to be trading in companies that sell directly to Governments or trying to find fast-twitch triggers for market-moving news. Any analyst can use this data to explore and examine both long-term trends or detailed news about a company.

With millions of documents, including tender notices, specifications, and contract documents, our simple API can create a new window into thousands of markets. Procurement data can show that governments are adopting new technologies, as well as highlight which suppliers are consistently winning work. This data can even give you deep insights into the contract terms that governments will use when purchasing a specific product or service.

Our simple to use API, complete with consistent categorisation, gives you the capacity to spot global trends in business to business transactions and the fine detail of buyers’ needs.

From assessing demand to conducting due diligence, our procurement data can provide you with a dependable new source of intelligence in the world of commerce.

To discuss our procurement data in more detail, get in touch here.

January 18, 2022

UK Government Release Procurement Green Paper Findings

In December 2020, the UK Government Cabinet Office set out proposals for shaping the future of public procurement legislation with the publication...
January 13, 2022

When and when not, to do it yourself.

-By Alex Yeung As a side hobby, I regularly cook. Apparently, it’s quite popular. It’s certainly lighter, less salty, less sugary, and...
December 15, 2021

First Look At NZ Government Procurement Enquiry Findings.

Earlier this year we shared the New Zealand Government's decision to improve its health procurement through a review process of Pharmac, the...
December 15, 2021

Machine Learning And Nudge Economics

Machine learning is seeping into our everyday lives, it powers our social feeds, our song recommendations, and our internet searches. It’s coming...
December 23, 2021

US Green Procurement Drive.

While on his campaign trail, Joe Biden guaranteed to use the federal government’s $500 billion-per-year buying power to “drive towards 100 percent...
December 15, 2021

From Ok,To Good, To Great.

We like a challenge. That's why our goal is so clear and bold: to gather every public tender and contract in the...
December 15, 2021

The Future Belongs To AI Powered Purchasing.

This week a respected Professor took to Twitter to criticise the government’s purchasing arrangements. It was immediately clear what had happened, a...
December 14, 2021

Consultancy Risks Government Contract Ban.

With £244 million in UK Government contracts won in the 12 months to March 2021, KPMG will no doubt be feeling the...
December 9, 2021

The Buyers That Stole Christmas (Reprise)

It is that time of year again, where our halls are decked with holly, presents are under the tree, plans for a...
December 6, 2021

8 things you need to run a supplier blacklist

The news that UK government will implement a new supplier blacklist, banning errant companies from winning contracts has raised the question of...
December 2, 2021

We Don’t Want Your Trust.

Not because we're shifty. We're not. You don't have to trust us. Specifically, you don't have to trust our data. If you...
November 30, 2021

Intelligent Procurement Fraud Is Coming.

Are you ready for artificial intelligence fraud? We've already written about the almost magical capabilities of artificial intelligence here. We're using it...
November 18, 2021

What Do You Want To Predict?

Machine learning is changing the world. Spend Network is already using machine learning to categorize all of our documents. The results are...
November 17, 2021

New Government IT Procurement Opportunities For Smaller Businesses.

The autumn budget included an announcement that HM Revenue and Customs will receive approximately £750m over the next three years to upgrade...
November 11, 2021

What does good data look like?

If you're lucky, poor data will only make you look inefficient, but if you're unlucky, it will make a real mess of...


Compelling research, insights and data directly into your inbox.

Recent media stories


Scroll to Top