Mexico has a large and diverse market with a growing economy. Mexico's 2024 federal budget, proposed at MXN 9.07 trillion, saw a 4.3% increase over 2023. For that reason, tendering in Mexico can be attractive for businesses looking to expand their market presence and capitalize on the country's economic growth and development opportunities.
Since May 2019, the “Integrated Strategy for the New National Public Procurement System” (Estrategia Integral del Nuevo Sistema Nacional de Contrataciones Públicas) started to apply. It’s interesting for foreign companies that besides focusing on social responsibility, this new system looks to open up to having a more diverse number of potential suppliers. In this context, supplier diversity is thought to mean more opportunities to new or foreign companies.
While Mexico offers lucrative opportunities, the tendering process can be highly competitive. For most opportunities, it is not required to have a local representative or an office in Mexico to bid on a tender, but it’s still recommended to have a partner to help with bureaucracy and spanish.
The laws that apply to public bidding in Mexico are:
It’s all about information! Information relevant to your business, provided on time and in a way that supports your decision-making process. To save your valuable time. To put you ahead of your competitors. Whatever your needs, we have the data and tools to maximize your revenues with public contracts.
Latamcompra.com
Tender Service Colombia S.A.S
Teléfono: +574 3018183
info@latamcompra.com
Cra. 81 #33B 02
Medellín, Antioquia, Colombia.
