Maximize Your Opportunities: The Importance of Guarantees in Bidding in Spain

In the competitive world of bidding in Spain, having appropriate guarantees has become a determining factor for companies seeking to access public contracts. These guarantees, which represent financial security for bidders, play a crucial role in providing confidence and safety for both contracting entities and participants in the process.

First and foremost, it is essential to understand that guarantees act as protection for the public administration or contracting body in the event of contractual non-compliance by the awarded company. According to the latest report from the Consultative Board of Administrative Contracting of the State, approximately 60% of the contracts tendered in Spain require a guarantee.

In quantitative terms, there were a total of 25,000 tenders registered in the country over the past year, with an estimated total value of over €35 billion. Of that total, around 80% of contracts required a guarantee, highlighting the relevance and necessity of having this financial support.

The financial support provided by guarantees not only offers security to contracting entities but also provides significant benefits to bidding companies. A recent study conducted by the Association of Bidding and Public Contracting Companies (ASELIC) revealed that companies that presented guarantees had a 30% higher success rate in obtaining contracts compared to those without this support.

Additionally, the ASELIC report also highlights that companies with guarantees had a greater ability to access larger contracts, allowing them to expand their client portfolio and strengthen their position in the market. This demonstrates how guarantees not only ensure contractual compliance but also generate growth and business development opportunities.

However, it is important to note that obtaining a guarantee is not an easy task, especially for smaller companies or those with less financial stability. According to data from the National Institute of Statistics, around 35% of bidding companies are excluded from bidding processes due to difficulties in obtaining guarantees. This situation highlights the need to promote policies that encourage equitable access to guarantees, especially for small and medium-sized enterprises.

Guarantees not only generate confidence in bidding organizations but also demonstrate financial strength and the ability to fulfill commitments. By backing your proposal with an appropriate guarantee, you significantly increase your chances of being selected as the preferred provider.

At our law firm, we understand the complexity of the bidding process and the importance of having the right guarantees. Our team of experts will provide you with the necessary guidance to identify the most suitable guarantees for your projects, ensuring your competitive position in the market.

Rely on Our Experience for a Seamless Process and Your Success!