Every year multilateral organizations publish more than 20,000 public tenders for 120,000 million euros. The market for international tenders has great advantages which include:
• 1. They offer a business opportunity already committed by financial institutions and beneficiary countries under standardized bidding rules for all countries both in its process and languages.
• 2. The International Financial Institutions (IFIs) monitor contract compliance and proper implementation of the project
• 3. There is a wide market not only for engineering or construction companies but also supply companies, consultants, architects and individual experts.
The company size affects only the strategy that the company should follow rather than in the access to the markets. Many small and micro projects are being implemented internationally funded within the framework of public tenders.
50% of the budget is managed by the European Union through the European Commission in the following areas:
• 1. Rural development and food security
• 2. Transport and infrastructure
• 3. Telecommunications and Information Technology
• 4. Energy and nuclear safety
• 5. Conferences
• 6. Environment
• 7. Culture, governance and home affairs
• 8. Health
• 9. Education, employment and social affairs
• 10. Business support: industry, trade and services
• 11. Macroeconomics, public finance and market regulation
• 12. Standardization and quality certifications
• 13. Humanitarian aid, crisis management and post-crisis assistance
The other 50% is managed by multilateral banks and other institutions like the United Nations