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China Bidding Agent Industry Prospects and Investment Strategy Report, 2013-2017

China Bidding Agent Industry Prospects and Investment Strategy Report, 2013-2017

Last Update:2014-04-20

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Preface

Table of Content

China began the bidding activity which initially focused on bidding for loan project to global bank in the early 1980s. Due to lacking of bidding knowledge, professional personnel and technique, a butch of institutes which major in bidding agent come into being. After more than 20 years of development, the institutes are in certain scale.

In 2010 there are 4,799 bidding agents in China that decreases 2.04% comparing with that in last year. Dividing by qualification and grade, number of the Grade A institutes is 1,116, up 5.88%; and that of the Grade B institutes is 2,317, up 2.48%; that of the institutes which with a tentative grade is 1,366, declines 13.76%.

Total revenue of bidding agents in 2010 is 12.6775 billion Yuan with a year-on-year growth of 30.73%. And the total business cost is 108.87 billion Yuan while the business tax and surcharges is 4.438 billion Yuan. The total business benefit is 14.819 billion Yuan while the gross benefit is 14.554 billion Yuan. The income tax is 2.767 billion Yuan while the indebted amount is 505.531 billion Yuan, and the total ownership interest is 273.51 billion Yuan.

The successful bids to bidding agents in 2010 are 4.95053 trillion Yuan, up 51.8% comparing with that in last year. Among which the successful bids for building construction and municipal infrastructure are 4.044179 trillion Yuan which account for 81.69% of the total successful bids; that for the government and state-owned enterprises is 3.511839 trillion Yuan which accounts for 70.94%.

Current these years the bidding agent is widely used in building construction and municipal infrastructure which includes transportation, railway, water conservancy, electrical power, electrical machine, refining and others. It plays an active role especially in many national key projects and large-scale construction projects, such as 2008 Olympic venue, Three Gorges Project, Qinghai-Tibet Railway, and South-to-North water diversion.

Presently, most of the bidding projects will entrust the bidding agents. For instance, over 80% of the bidding projects are taking over by bidding agents in the regions of Sichuan, Shandong and so on. The bidding agent is an indispensable part of engineering consultation and agents to the socialist market economy system. Practice has proved that it plays an active role in standardizing the contract trading to construction market, improving the quality and efficiency to bidding, promoting fair competition of construction market as well as socialization and specialization to construction management, and limiting the engineering corruption. Moreover, it saves abundant funds for tenderee, creates good social and economic benefits, and greatly promotes the development of engineering bidding works in China.

The constant growth of bidding in China will lead to the improvement of related systems. And the agents which serve for the construction markets will also have a fast development that the bidding agent will plays an animated role in engineering bidding, consultation for engineering professional technology, regulating bidding behavior, and improving bidding quality. It gains a good reputation by strict management, superior consciousness, scientific operation, and regulating service. The bidding agent will have a significant impact on bidding due to its mission and performance. And it will efficiently promote the healthy development of the bidding industry in China. Accordingly, the bidding agent with broad prospects along with the gradual establishment of socialist market economic system in China.

With Forward’s the long-term tracking and collecting market data of bidding agent market, this report mainly analyzes the following aspects: market environment for bidding agents at home and abroad; operation condition and competitive landscape of bidding agents; market demand and status of market segmentation for bidding agents; leading corporations’ operational condition of bidding agents; electronization trend for bidding agents; constant development and prospects for bidding agents. Meanwhile, together with the comprehensive and detailed market data which is accumulated for 5 years, Forward helps you to grasp the market and development trends of bidding agents, so as to win advantages from competition!

Major characteristics of this report are forward-looking and timeliness. Base on the forward-looking analysis of massive research data, we further analyze the development scale and competitive landscape of bidding agents. Along with the industry development route and our practical experience, we analyze and predict the substantive factors to development and development trend of bidding agents. This report is of a high value for bidding agents and relevant investment corporations to accurately know the latest industry development trend, and obtain market opportunities and determine an insightful operation strategy and development direction. In the meantime, it is the first heavy weight report to analyze the up/down-stream industry chain and industry leading corporations of bidding agents in an overall and systemic way.

Here, we’d like to express our sincere gratitude to National Statistics Bureau of China, International Information Institute, National Institute of the Ministry of Commerce, National Tsing Hua University Library, Institute of Market Economy of the State Council Development Research Center, and Beijing Qinghua Forward Market Research Center, etc. Thank you so much!

Notice: all the market data, especially the corporation list data in this report is only for business reference. Please don’t take the data for enterprise publicity. Thank you! Or Forward shall not take any responsibility for any consequences!

 

Qianzhan Business Information Co., Ltd. Industry Research Center
Research Team of Bidding Agent


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