CLOSE UP

These men know how to win every tender

The Startup BauDV from Meißen has developed an algorithm to predict the right price.  More and more companies want to try it.

Harald Wendel, Falko Zschunke and Tobias Rothe (from left) in their office in Meißen. Photo: PR/Hanno Hanstein

Meißen. A look into the future. Most companies would love to do that, in order to know the best way to win a tender. However, that’s apparently impossible to do. But maybe a startup from the Saxon town of Meißen in Germany has found the solution to this problem. Founder and managing director of „BauDV“ Falko Zschunke (45) confidently says: „We predict any price to win a tender. The deviation is at maximum 3.5 percent.“

Even though „BauDV“ can’t tell fortunes either, the startup has developed an algorithm to get the necessary information quite accurate. Hundreds of gigabyte of data of past tenders are scanned in seconds to compare them with the tender texts that every entrepreneur can upload at www.baudv.com.

Theoretically this large-scale evaluation is possible since the end of the 1990s. Back than the joint committee of construction electronics (Gemeinsamer Ausschuss Elektronik im Bauwesen) in Bonn created an electronic format for construction tenders. Nevertheless, the data is only useful with tools to evaluate it.

That is the point where the algorithm comes into play. Falko Zschunkes Co-founders Tobias Rothe (39) and Harald Wendel (38) who work for a bank in Estonia and an airline in Boston created it within two years in their spare time.

Despite this innovation and a relatively low price of 20 Cent per calculated item, the start of „BauDV“ in June of 2016 was initially sluggish. It took time to make the offer k…

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close