Irish companies are missing out on billions of euros as Government tenders go overseas

Irish companies are losing out on billions of euros in Government tenders.

Over the next five years €90bn in supplies, services and works will be procured in Ireland and Northern Ireland.

However there are claims that 11% of those contracts are being won by overseas companies because local firms aren't aggressive or professional enough.

Chairman of tender consultancy organisation - Bid Management Services - is Peter Brennan: “Really what we are saying is companies need to up their game to get these extra contracts and they are well achieveable.

“In other countries about 2% of the total value of Government contracts go outside the country and in Ireland it is five times that at 11%.

“It is worth the best part of €8bn over the next five years.”