TELEGRUPP AS: Public Procurement
Did you notice typos in the article?
TELEGRUPP AS has over the course of time secured various public contracts, on average 16,7 times a year, with the first one won 13 years ago in 2007. The company has received 217 slices of the state pie, in return having completed works or provided services for the common good to the value of 93 783 302 euros. This adds up to the annual turnover of a fairly successful company.
The year 2018 was record-breaking for this company, winning the largest procurement - "TEMPEST seadmed" - to date with the total value at 29 400 000 euros. Presumably being awarded the public contract allowed to take things easy, because it did not boost the company's turnover much.
Typically, one public contract makes up a staggering 1/3 of TELEGRUPP AS's turnover! That is a substantial proportion and the loss of income from public procurements would probably deliver a death blow to the company's turnover.
This makes it plain to see why the company is so active in tendering. – in all TELEGRUPP AS has bid in public procurements 250 times to secure winning contracts. Considering the bureaucracy involved in public procurements, it must take up considerable time at the expense of other money-making ventures.
The company is a solid business partner to the state that pays taxes to the State Treasury equal to or even exceeding the sum received in sales turnover from its public contracts. Like a top-of-the-class student, this company has never in its history failed on its tax and reporting obligations. Neither has it swindled its business partners.