SEATTLE, July 17, 2012 /PRNewswire/ -- Onvia, a leading provider of government contracting opportunities and business intelligence to U.S. companies, announces the release of a new service in its Online Database that gives its clients unsurpassed access to vital term-contract and award data and helps them take advantage of the growing trend by government agencies to make purchases using term contracts.
With the launch of its Term Contract Center, the company provides clients with the ability to create a sales pipeline of future term-contract renewals and to forecast the public-sector demand for their products and services in future years, tapping into the most extensive collection of state and local government term contracts and contract awards available. In preparation for the launch, Onvia's content team more than doubled the number of active term contracts that are available in the Online Database.
"Agencies are increasingly turning to term contracts to streamline and reduce costs in the purchasing of goods and services from vendors," said Henry Chou, Onvia's vice president of product. "We developed Term Contract Center to ensure that our clients have maximum visibility into these opportunities, can efficiently identify the ones they should pursue, and can get the award data and competitor and partner information they need to win more government business. In addition, we've significantly increased our coverage and collection of term contracts and awards to provide clients with a single source they can rely on to grow their term-contract revenues."
Among the capabilities that Term Contract Center brings to the company's clients:
- Search from more than 100,000 active state and local term contracts and then create a pipeline of upcoming renewal opportunities
- Analyze term-contract buying trends to identify the right agencies to build relationships with
- Track competitors by searching for vendors who currently hold these contracts
- Locate potential teaming and subcontracting partners by accessing information about vendor representatives on term contracts and how to contact them.
Once clients have reviewed each term contract and award, they can get comprehensive information about the issuing agency and its decision makers and buyers. In addition, they can have the latest term-contract award notifications delivered to them each day via email.
"Term Contract Center represents the next milestone on our product roadmap to deliver far more than just bid and RFP notifications to clients," said Chou. "Our clients want to know about opportunities long before bids and RFPs are issued and agency contracts come up for renewal, and this product release gives them another powerful resource to accomplish that goal."
For more than 12 years Onvia (NASDAQ: ONVI) has been delivering the data, analytics and tools companies rely on to succeed in the $5.5 trillion government-contracting market. Onvia tracks, analyzes and reports the spending of tens of thousands of federal, state and local government agencies, giving companies a single source for conducting open, intelligent and efficient business with government. Along with providing an exclusive suite of integrated business tools for a wide variety of industries, Onvia offers DemandStar, an automated e-procurement system that streamlines agency procurement processes. For information about Onvia, visit www.onvia.com.