Iceland Tenders

Ríkiskaup (Central Public Procurement): The official Icelandic government procurement agency, responsible for handling procurement on supplies and services in domestic and foreign markets for state institutions and state corporations.
GlobalTenders aggregates tenders from Iceland's official, authorities and agencies websites, newspapers, journals and magazines. With artificial intelligence and machine learning the data is authenticated, segregated and reorganized to make thousands of Iceland Tenders easily searchable on a single platform.

All companies and individuals who are capable of fulfilling the requirements can potentially bid on Iceland tenders. There might be additional restrictions based on domicile, experience and qualifications depending on the project's nature and complexity.

Top products and services procured by the Iceland government through tenders:
Construction works
IT services and software
Professional and consulting services
Medical and pharmaceutical products
Transportation and logistics services
Energy and utilities
Education and training services

The exact eligibility criteria vary with each Iceland tender, but some common requirements include:

• past experience
• minimum revenue
• legal status
• technical expertise
• financial stability
• ethical conduct

The Public Procurement Act No. 114/2021: The primary legislation governing public procurement in Iceland, outlining the principles and procedures for procuring goods, services, and works.
The Public Procurement Regulations No. 861/2021: Detailed regulations implementing the Public Procurement Act, providing guidance on specific aspects of the procurement process.
The Public Procurement Guidelines: Issued by Ríkiskaup, providing non-binding recommendations and best practices for conducting public procurement.

Estimated annual procurement value: Approximately €4 billion
Number of tenders published annually: Over 10,000

Bidding for tenders in Iceland is extremely lucrative for companies of all sizes. Iceland tendering authorities release contracts for most of the products and services procured by them benefitting small, medium and large enterprises. A few of the benefits of bidding on Iceland tenders are -
Guaranteed income
Steady work
reputational boost
high value projects
expanding client base
upskilling and innovation

Increased focus on sustainability and innovation: Icelandic government entities are increasingly seeking sustainable and innovative solutions to meet their procurement needs.
Growing adoption of electronic procurement: Electronic procurement platforms are becoming increasingly popular in Iceland, streamlining the procurement process and enhancing transparency.
Greater emphasis on social procurement: Icelandic government entities are paying closer attention to social considerations, such as labor practices and environmental impact, when making procurement decisions.

Tags - Iceland tenders, Iceland bids, Iceland RFP, Iceland EOI, Iceland tender awards, Iceland municipal tenders.