Canada Tenders Are Characterized by High Income OECD Economy
Summary: Canadian economy is a flourishing one and comes under the high income OECD country group. Rich in natural resources, the country offers excellent business opportunities for inland and overseas entrepreneurs. Low rate of inflation as well as interests coupled with low Canadian dollars have contributed to the success of the economy. Primary fields of Canada tenders in the product sectors are construction, manufacturing, motor vehicles, and electrical machineries. Major service sector Canadian tenders relate to construction and related industries and sewerage and sanitation works in the country. While tenders in Canada offers multiple opportunities for businessmen, they should carefully assess the pros and cons of the tender before accepting it.
Economy of Canada comes in the group of OECD countries having very high income. Rich in natural resources, the country offers excellent business opportunities for inland and overseas entrepreneurs. Forests, minerals, fish, hydro power generation and trade signified by high amount of export of raw materials make Canada a flourishing economy. At the same time it is also one of the better places for investments. Naturally, huge number of Canada tenders can be found online and offline at any point of time.
Reasons for Multiplication of Tenders
Several factors have contributed to the success of Canada tenders. Some of them are –
- Low rate of inflation in the economy;
- Low rate of interests on bank loans; and
- Low Canadian dollar values.
Primary Fields for Tenders in Product Sectors
Areas in which maximum numbers of Canada tenders are floated include –
- Construction industry and related areas;
- Fabricated products and related materials;
- Food products and beverages;
- Instruments, appliances, process control tools, optical and horological instruments;
- Motor vehicles and parts as well as their accessories;
- Electrical machineries, equipments, apparatus, as well as consumables;
- Office equipments, supplies, and computer related items;
- Pharmaceuticals and medical supplies;
- Machineries and accessories including repair and maintenance; and
- Telecommunication industry and related areas.
Secondary Fields in Product Sectors
Apart from the above primary sector tenders, there are some others that are not as popular and yet have significant impact on the economy. Canada tenders on agricultural, horticultural, hunting, chemical, man made fibers, manufactured goods, furniture, printed matters and articles, rubber, plastic and film products, and transport equipments come in this category.
Major and Minor Fields of Tenders by Service Categories
In the service category, following are the major fields of Canada tenders –
- Consultancy services on architecture and architectural designs;
- Consultancy services on construction, accounting, legal, and business matters.
- Software services.
- Sewerage and refuse disposal services.
- Sanitation and environmental services.
Besides there are some minor fields of tenders defined as service categories.
- Administration, social security and defense related items.
- Education, health and social works services.
- Agriculture, forestry horticultural and related topics.
- Miscellaneous services.
- Printing, publication and related services;
Multiple business opportunities are available for the traders in Canada in different nomenclature. However it is good for the aspirant businessman to look at the pros and cons of the concerned Canadian tenders and informative website to find out the real truth.
- Basic Proposal in Bidding to Win Canadian Tenders
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