The single most labor-intensive part of running a fuel tender is comparing supplier offers fairly. Bids land in different currencies, different units, different delivery and payment terms, and different index references - and the procurement team has to normalize all of it before they can answer the only question that matters: which offer actually saves the most money?
JetFuelTenders now answers that question in real time. The platform syncs daily with three major fuel pricing services - S&P Global Platts, Argus Media, and OPIS - and uses those feeds to benchmark every supplier bid the moment it's submitted.
How it works
Suppliers anchor their bids to the index they prefer - for example, "Platts Singapore Jet + $0.12" or "Argus West Africa Jet + $0.09". The platform automatically resolves those formulas against the day's published prices and shows the airline procurement team an apples-to-apples comparison: every offer in the airline's preferred currency, unit, delivery term, and payment term.
The result is a benchmark that updates as the market moves, not a snapshot that's already stale by the time you've finished consolidating. Procurement teams see, at a glance:
- The supplier's quoted formula vs. the day's spot
- The implied dollar-per-USG cost in the airline's billing currency
- The cost-of-capital impact of the supplier's payment terms
- The tightest spread to index across the entire bid set, with the supplier name
Beyond the headline number
Index integration is the foundation, but the real value is in the structured data underneath. Every bid is now a normalized, comparable record - historical trend analysis, supplier performance over time, year-over-year spread tightening, and SAF-blend cost modeling all become routine operations rather than spreadsheet projects.
The Platts benchmarking alone paid for the platform in the first tender.
That's the comment we hear most often from procurement teams who've used the integration for at least one full tender cycle. Saving a meaningful fraction of basis-point spread on a tender of any reasonable size pays for a year of platform fees several times over.
Licensing
Access to Platts, Argus, and OPIS data through the platform requires an active subscription with the respective providers. The integration handles the technical plumbing - authentication, data normalization, currency conversion, formula resolution - but the underlying data licenses are the customer's. Our team can help with introductions to the data providers if needed.
To see the integration with your own tender data, request a walkthrough at /contact.