How much competition does a tender for Financial & insurance services in Latvia face?
Search open tenders in this sector · Country guide Latvia
The market norm in numbers
| Metric | Sector | National average | Sample |
|---|---|---|---|
| Bids per procedure (median) | – | – | 0 |
| Procedures with a single bidder | – | – | 0 |
| Awards to a repeat winner | 39 % | 53 % | 378 |
| Distinct winners | 43 | 7,207 | 393 |
| Awards to companies from abroad | 2 % | 5 % | 393 |
| Award relative to estimate (median) | – | 88 % | 0 |
| Notice to award (median) | – | – | 0 |
| Bids from SMEs | – | – | 0 |
| Bids from abroad | – | – | 0 |
| Weight of price in award criteria (median) | – | – | 0 |
How to read these numbers
No bid counts are available yet for Financial & insurance services in Latvia — the country's portals do not publish them, or we do not read them yet. 39% of awards went to companies that had already won with the same buyer — buyers switch often here.
Other sectors in the same country
- Medical equipment & pharma5,847
- Construction work2,683
- Agricultural services2,601
- Architecture & engineering2,065
- Petroleum & fuels1,387
- Food & beverages1,347
- Repair & maintenance1,227
- Environment & sanitation1,205
- Transport equipment1,038
- IT services901
- Business services750
- Laboratory & optical equipment625
Frequently asked questions
- How often does the incumbent win in Latvia?
- 39% of awards in Financial & insurance services went to a company that had already won with the same buyer.
- Do foreign companies stand a chance in Latvia for Financial & insurance services?
- 2% of awards went to companies based outside Latvia.
- What share of the estimate does the winner get in Financial & insurance services?
- The sample in this sector is not large enough yet.
- How much does price count for Financial & insurance services in Latvia?
- Not enough weighted notices for this sector yet.
Where the numbers come from
From the documented awards of every portal we read (TED and the national portals), aggregated every night. Bid counts come from the award notices themselves (TED BT-759, PLACSP, OCDS, Hilma, ANAC); incumbency counts whether the winner had won with the same buyer before; abroad means the winner's country differs from the buyer's. Metrics below the minimum sample are not shown.
As of 05/09/2026 · n = 393