essentials in bid management

Upload: paultots

Post on 06-Apr-2018

223 views

Category:

Documents


1 download

TRANSCRIPT

  • 8/2/2019 Essentials In Bid Management

    1/26

    EXECUTIVE C

    MPASSGuiding every step

  • 8/2/2019 Essentials In Bid Management

    2/26

    P a g e | 1

    TABLE OF CONTENTS

    Reinforcing The Essentials For Your Bid Management 2

    Clinching The Deal With The Help Of Experienced Tender Writers 4

    Investing In A Bid Writing Professional 6

    Bid Writing The Written Art Of Persuasion 8

    Win The Bid for Your Company By Hiring A Bid Writing Specialist 10

    How A Bid Writing Service Wins Projects 12

    Tender Management: Organised Bids From Beginning To The End 15

    Land Potential Contracts With The Pre Qualification Questionnaire 18

    Improve Your Bid Success Rate With Tender Training 20

    How To Master Bids And Tenders 23

  • 8/2/2019 Essentials In Bid Management

    3/26

    P a g e | 2

    Reinforcing The Essentials For Your Bid ManagementMany groups nowadays create more

    business by taking part in bidding processes

    for certain projects. This is obviously a

    display of competitiveness, which is a healthy

    dynamic for progressing businesses. There

    are times when a business has to present

    itself aggressively in the bidding environment

    but, once that initial effort is over, its highly probable that it will be invited to

    tender for the specific contract. The demand can be overwhelming, so its

    vital to go about the process practically and wisely.

    Sometimes when a business is new to the public sector and it quickly

    wants to create a name for itself, it responds to all the tender requests that

    come its way, which can be too much work for a starting group to handle.

    Consider the manpower first and their abilities, before determining how

    many requests can be catered to and which ones have a great chance of

    being won. In bid management, these are just some of the essentials thatneed to be reinforced all the time.

    The better understanding of the basics allows for a better planning

    process. Assigning resources is greatly important, as well as the careful

    evaluation of the invitation. All this thorough work is necessary, although

    oftentimes the end result can be frustrating. Thats truly the nature of this

    http://www.executivecompass.co.uk/business/bid-and-tender-writing-services?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/bid-and-tender-writing-services?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/bid-and-tender-writing-services?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    4/26

    P a g e | 3

    particular industry. Its like making a bid to host the Olympics you have

    special structures built, you beautify the place, meet all the demands but in

    the end a different country ends up hosting the games.

    There are times when you would need to decline certain invitations to

    tender and this is still part of smart bid management. There are some

    invitations that your group may not be able to accommodate with regards to

    time or other specific requirements set. The best thing to do is politely

    decline the invitation by stating some of the reasons why your group may

    not be compatible with the project but that your group will welcome future

    opportunities with the particular client. This way the ties are kept intact.

    Going back to knowing your manpower... its

    pertinent to evaluate whether your group can

    handle the demands and other considerations of

    your customer. Saying yes is easy but delivering

    can be an altogether different thing. Quality of

    work always matters because its a gauge of

    whether your group can be trusted to carry out the

    project or not. A good bid management plan can

    properly meet the demands of the client with careful consideration of the

    different required resources, the necessary procedures and, of course, the

    time. And if your group in the end wins the bid, having considered these

    essentials will allow for an organised continuation of the work.

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    5/26

    P a g e | 4

    Clinching The Deal With The Help OfExperienced Tender Writers

    A writer who does not really

    have any exposure to business

    writing may think that tender writing

    doesnt need any specific skill to

    write tenders. It can also be

    confusing as to why the term tender

    is used for this kind of business

    writing when tender is perhaps an

    inappropriate adjective for this kind

    of work. Tender writersare required to be fiercely knowledgeable about allthe factors that will produce a competitive, and hopefully a winning, tender.

    Experienced tender writers are expected to know the effective

    formula in creating tenders that have a greater chance of winning the bid.

    The PQQ, or Pre-Qualification Questionnaire, is always an important phase

    in the tender writing process. The PQQ gives possible bidders a chance to

    evaluate whether the opportunity is worth taking or not, depending on the

    conditions set by the evaluator or contracting authority. A writer who has

    the right work attitude will adhere to a strict system that will increase his

    chances of winning the bid. Careful compliance to the system prevents

    unnecessary errors.

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    6/26

    P a g e | 5

    Given the competitive bidding environment, good quality is always

    essential. Taking a chance on a talented yet somewhat less experienced

    tender writer can produce favourable results but that will take a lot of

    courage. On the other hand, tender writers who already have a full

    understanding of the process and have experience of writing winning

    submissions. Another advantage would be the fact that highly experienced

    and professional tender writers can get the

    job done much quicker than someone who is

    still trying to familiarise himself with this style

    of writing.

    There are businesses that outsource

    tender writing even though they already have

    some really experienced writers in-house,

    and there are some who do not really have

    their own tender writers within the business. This is a working strategy

    because it can increase the chances of winning particular projects where

    expertise is more important than experience. Tender writing is always

    about competitive quality, not just good quality. Having this competitive

    quality may mean additional cost for the group. So establish a winning

    attitude for your bid management where nothing but the best would do,

    and, in the end, when the bid wins, carrying on with the execution of the

    plan will be a whole lot easier.

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    7/26

    P a g e | 6

    Investing In A Bid Writing ProfessionalA good business person is always thinking about quality investment.

    Providing employees a good working environment is an investment that a

    business owner makes to improve the performance of his employees. A

    higher compensation for good work not only provides employees the

    validation that they need for their effort, but also a drive to further improve.

    Every investment in a business should create positive results.

    Hiring a bid writing professional is also an investment. Professional writers

    adhere to strict standards which always produce the best results. Bid

    writing is much tougher,

    though, as comparison is

    the core of this trade. Even

    the educational background

    of this type of writer will be

    taken into account because

    the conditions are cutthroat.

    One quality piece of work may pale in comparison to the work of the

    competition. A business that wants a fighting chance to securing a contract

    cannot just and would not entrust a momentous task to just anyone.Only a highly experienced bid writing professional can get the job done

    quicker and present the required quality of work.

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    8/26

    P a g e | 7

    Bid writing, also known in the UK as tender writing, demands a lot of

    important background information to make the bid really effective in getting

    the attention of the authority. Aside from that, it has to be considerate of

    many aspects that will eventually have to be physically reflected once the

    bid is won.

    A bid writing professionalmust only stick to what the bidding groupcan commit to deliver; otherwise it will be detrimental to the groups

    performance later on. Clients are very particular about the nature of the

    bids that they get, whether the bidders were able to stick to their specific

    requirements and provide substantiated claims regarding the work that they

    could deliver, or not.

    The job of a bid writing

    professional is that of putting the

    client in the best possible light

    when being presented to the

    authority. A won bid is an

    automatic success for business

    and not just the financial aspect of it. Winning the bid for an important

    project will elevate the status of the business among its contemporaries

    and it will gain the recognition of future clients, as well. If its the businesss

    desire to have a team of amazing bid writing professionals, invest in the

    best teachers who can impart the winning formula to new writers.

    http://www.executivecompass.co.uk/business/bid-and-tender-writing-services/bid+and+tender+writing+advice?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/bid-and-tender-writing-services/bid+and+tender+writing+advice?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/bid-and-tender-writing-services/bid+and+tender+writing+advice?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    9/26

    P a g e | 8

    Bid Writing The Written Art Of PersuasionSome may think that bid writing is anything but art. Its too focussed

    on presenting information in a strict rigid manner which does not have any

    room for creativity. However, this type of writing still requires the knack for

    appealing

    presentation

    otherwise it will

    not accomplish

    the desired

    outcomes.

    Bid writing

    is technical

    writing is a

    technical art.

    There are many considerations to be mindful of and its imperative that

    these considerations are addressed adequately and impressively. Getting

    the attention of the evaluator is the main goal because its essentially the

    complete validation of the bid writing professionals skills. It may be true

    that adequately addressing the specific requirements of the clients has tofollow stringent rules, but clients also appreciate the creative ways that the

    bidder writer can come up with to meet these requirements. This gives

    them a better vision of how the project will be carried out.

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    10/26

    P a g e | 9

    This is one of the reasons why some companies choose to outsource

    bid writing: because invitations to tender can come from a variety of clients.

    Its wise to get bid writers who are known to be particularly good in certain

    sectors/fields. Doing this increases the possibility of winning the bid

    because the bid writer has experience of delivering successful project. He

    may also know how to highlight the areas that the client would surely not

    notice due to their lack of knowledge surrounding the subject. A quality bid

    writer will be able to use this to their advantage.

    Putting your best foot

    forward is often the clich

    associated with bid writing but

    the truth of the matter is, it

    actually requires 100% effort. A

    bid no bid decision is crucial to

    decide whether or not to bid,

    taking into account the amount of work, time and even money and, surely,

    nobody wants to waste these three things. Research for the tendered is not

    just through emails or telephone, but most of them require trips to the

    clients workplace. There should always be that burning desire to win and

    for that to happen, all the factors must be considered. Persuasion is

    winning someone over and that is the goal, anything less than the best

    does not have a place inbid writing.

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    11/26

    P a g e | 10

    Win The Bid For Your Company By HiringA Bid Writing Specialist

    Knowing a how to write really good tender documents is altogether

    different from being a bid writing specialist. A specialist is always expected

    to be more. He should be able to handle both small-scale projects to get

    things rolling for a still-thriving business and the really big ones that will

    strengthen their reputation and

    earn a lot more money for the

    established ones. He has a

    thorough knowledge not just

    about the different specific

    requests of clients but also on

    ways of acquiring more

    information to better address these requests and conditions in the tender

    document. Basically what he is, is a master of the trade.

    How badly a company wants a deal will force it to look into the

    services of a bid writing specialist. Investing in one can easily be

    compensated by a won bid. A company that understands the risks involved

    and also the gains will not think twice in hiring the bestbid writing specialistas this instantly gives them an edge in the bidding process. Sometimes,

    quality really comes with a price. And this is a universal working thats

    greatly apparent in the business world.

    http://www.executivecompass.co.uk/business/bid-and-tender-writing-services?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/bid-and-tender-writing-services?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/bid-and-tender-writing-services?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/bid-and-tender-writing-services?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    12/26

    P a g e | 11

    There are some specialists, however, who choose not to get paid

    until the bid is won, this normally has greatly to do with their pride and this

    is a fair deal; even smaller businesses can already have their own

    specialists. Be careful in the selection, though. Its wise to do a thorough

    background check because money is not the only element that can be

    wasted on this endeavour, but time and the other team members efforts,

    as well.

    In hiring a bid writing specialist, one must understand that he can be

    an overall big help to the company though his main job is to write a winning

    tender document to secure the bid for the company. However, his wealth

    of experience normally provides him better insight into the conditions of the

    project, thus making him a good consultant, as well. He is a key resource in

    the careful management of the bid in accordance to the services required

    by the clients. He may also

    have a good idea of the

    possible output of the

    competition, thus providing

    his bidding team a chance to

    really step up their game. Its

    a multidimensional role, but

    the essence remains that its his business to make sure that the client will

    be persuaded to choose his bidding team.

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    13/26

    P a g e | 12

    How A Bid Writing Service Wins ProjectsMy bid failed to comply with the tender request. My proposal was

    written last minute and I lost a potentially good project. I think I lost the

    tender because my price wasnt as competitive as the other bids. Think of

    bid writing as if it were a marriage proposal where blurting out, Hello love,

    marry me, will surely result in a soul-crushing no. When a significant

    situation presents itself, presentation will almost always influence the

    persuasive quality of your proposal. A professional bid writing service thatbrilliantly tackles compliance, positioning, pricing strategy, and persuasion

    ensures your bid submission will edge out the competition.

    Not Everyone Can WriteBid writing isnt the same as

    writing a report or preparing enquiries

    of any kind and that is precisely why

    many wise companies set up a tender

    management system to oversee the

    success of a bid. The development of

    a bid requires the application of key

    skills in terms of clarity of language and selling ability. The approach and

    structure to this very particular type of writing has to be systematic and

    strategic. An ordinary writer can probably give it a go, but then the results

    will more than likely fail to meet the desired result.

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    14/26

    P a g e | 13

    The critical process begins when a formal invite to tender (or

    notification to bid) is conveyed publicly or sent out to specific companies.

    The document details aspects of the project and what you need to provide

    to the procuring organisation. Sifting through the huge document can be

    overwhelming for your staff, most of whom may not have the experience

    and skill to distinguish valuable information and what it all means.

    Commissioning a company with a reputable track record in bids and

    tenders will set you on the right path to winning that project.

    The RightCompany

    A writing

    service knows

    that low pricing for

    projects doesnt

    always make the

    bid a success. A

    bid writing firm will

    know how to define the requirements of a tender request and prepare the

    critical document for you in a professional manner. Such a service can and

    will communicate your bid in a clear and persuasive language, detailing

    how your company will achieve the proposed project. A compelling

    proposal will also require a particularly striking look to it. The company you

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    15/26

    P a g e | 14

    hire to prepare your bids will have access to graphic designers who will

    present your charts, graphs, diagrams, headings in a polished and

    attractive manner.

    Biddings often

    reveal an enormous

    amount of sensitive

    information. A bid

    writing company you

    choose should

    guarantee

    confidentiality

    throughout the process, with an agreement signed by both parties.

    However, it would be advisable to seek a company that carries a UKAS

    certification. This standard certification will tell you that the bid writing

    company not only delivers impeccable customer service, but also

    guarantees document security measures are fulfilled.

    A range of factors can affect the success or failure of your bid. But

    there is one critical element in your favour to ensure a positive outcomea

    bid writing firm. Organised, skilled, and experienced with the intricacies of

    proposals and tenders, such a bid and tenders firm is your ticket to getting

    that needed yes.

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    16/26

    P a g e | 15

    Tender Management: Organised Bids FromBeginning To The End

    The business sector defines the word tender as a rather delicate

    word as an opportunity to bid for services, work, projects, or funding. The

    process that begins with sending out tenders and ends in the selection of a

    winning bid is referred to astender management (or bid management).What does bid management entail? How does it ensure a successful

    outcome for your proposal? Can the system be gentle, loving orsympathetic as well as efficient?

    The Story Begins The procuring party and the prospective service, work, or project

    provider meet when a call or invitation to tender is sent out. There are two

    types of tenders: open tender and

    restricted tender. The former is sent

    out to all vendors while the latter is

    sent only to a short list of companies.

    Once the tender is released, your

    company, as a competing vendor, willhave to analyse the document for

    crucial information such as what you

    need to provide and the deadline you

    http://www.executivecompass.co.uk/business/bid-and-tender-writing-services/bid+and+tender+management?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/bid-and-tender-writing-services/bid+and+tender+management?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/bid-and-tender-writing-services/bid+and+tender+management?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    17/26

    P a g e | 16

    need to make in order to communicate your proposal.

    When you communicate this proposal, it needs to be compelling

    enough to stand out from the other

    bids. How it becomes so perfectly

    exceptional depends on the

    language and structure of your

    written bid. A bid writing specialist

    can create a professional proposal

    for you, but then the road to project

    acquisition doesnt end with a well-written proposal.

    Managing bids and tenders also entails a well-defined structure to

    meet the requirements, developing a price that will not just win the bid but

    naturally provide ample return to your organisation, managing the staff

    tasked to write the proposal, and making the deadline (preferably ahead of

    your competitors). Each stage of the process demands efficiency, and due

    diligence.

    Alls Well That Ends Well

    Organising your proposal can be stressful and complicated. It

    requires a certain set of skills from the person heading the team. (This may

    include applying a gentle, loving or sympathetic approach.) Luckily, you

    can outsource bid management. A bid management firm will have the

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    18/26

    P a g e | 17

    experience and expertise required to see your bid proposal through from

    beginning to the end, without delays and without the drama. A reputable

    firm will also have an electronic system in place to track the development of

    your bid, and it will contain key information. This is an added benefit for the

    time management aspect of bid management as the client will be able to

    see the bid being assembled and written.

    When the process starts with a

    well-designed structure and you know

    that talented people will be applying

    such a structure to your bid, a

    favorable result is always guaranteed.

    A process thats plagued from the

    very start (terribly conceptualised

    proposal or missed information) can

    end very badly (confidential information leaked to a competitor or rejected

    bid).

    It doesnt matter whether the tender is as minor as a commercial

    painting job or as extensive as a multi-million pound government contract

    an efficiently managed bid will determine a great outcome. With a bid

    management firm providing exceptional writing, pre-qualification

    questionnaire service, and overall organisation, your bid will most certainly

    conclude with a negotiated contract.

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    19/26

    P a g e | 18

    Land Potential Contracts With The PreQualification Questionnaire

    Answering a question youre thoroughly familiar with shouldnt be

    rocket science, should it? But it can seem like it is when youve got a major

    stake in getting the answer right. How do you make a detailed and

    compelling reply to Demonstrate the methods you used to promote waste

    reduction? If your company is seeking to land a contract (public or private

    sector), youre going to receive a pre qualification questionnaire(PQQ). Intodays financial climate and as the government goes ahead with budget

    cuts, the selection process for awarding contracts has become more

    meticulous. Hence, the necessity for a PQQ.

    Where bids and tenders are

    concerned, the PQQ becomes the

    gatekeeper. It determines whether your

    company is suitable to be included in the list

    of service providers. Its an assessment of

    your companys technical and financial

    capabilities in handling a large-scale project.

    Its a guarantee to the contracting company that their project will be

    managed and executed effectively. If your company doesnt comply with

    the pre-requisites, you dont move on to the next phase of the process,

    which is being invited to bid on a project.

    http://www.executivecompass.co.uk/business/pqq-writing-services/pre+qualification+questionnaires?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/pqq-writing-services/pre+qualification+questionnaires?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/pqq-writing-services/pre+qualification+questionnaires?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    20/26

    P a g e | 19

    You have an enormous advantage over your competitors if you

    commission a professional and experienced consultancy firm that not only

    offers a bid writing service but PQQ submissions, as well. Many companies

    make the mistake of recycling answers to certain queries in the PQQ.

    Certainly the company information and some policies can be provided in a

    generic way, but when it comes to questions about resources, costs, and

    methodology, these demand tailored and compelling replies. The

    contracting company needs to know that you will be able to competently

    provide their needs.

    The company you commission to complete a PQQ will create a

    bespoke response to every question inside the PQQ or Tender document.

    It will know how to structure the response in an effective way so the

    contracting company immediately finds the information they require. It will

    refine your PQQ submissions and make them compelling to ensure you

    receive future invitations to tender with a

    particular corporation.

    Outsourcing your PQQ submission

    not only secures you an invitation to tender,

    it also allows your staff to focus on their

    main roles in the company. Locating and

    landing bids consume a lot of time and

    resources. Completing the PQQ on time

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    21/26

    P a g e | 20

    illustrates your dedication to

    winning the contract, and lets

    the contracting party know that

    there is a high degree of

    competence in your company. So

    get a professional company to handle

    your PQQ, bid document and

    tender management, and land that coveted contract today.

    Improve Your Bid Success Rate With Tender TrainingExperience: the most brutal of teachers. But you learn,

    my God do you learn.C.S. Lewis

    Experience teaches you to do or not do something over the course of

    a lifetime. In business, waiting to experience something before you learn

    how to do it right might be a precarious way of going about work. This is

    why specific training courses are organised in every company to further

    develop the skills and knowledge of the employees. A business that invests

    in training ensures its bottom line and longevity in the industry its in.

    Tender training should be amongst those training courses.

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    22/26

    P a g e | 21

    When your company relies upon the acquisition of contracts or

    projects, you might be doing a lot of bid-writing and devoting an enormous

    amount of man-hours organising your proposal. You might also be

    outsourcing this service to make deadlines and perhaps even win the

    contract. Some companies that offer tender management and writing

    services also carry out training.

    You might find that your bid success rate isnt as substantial as you

    think. Granted, youve landed enough contracts to sustain your business

    but think of how much better you can increase contract acquisitions just by

    investing in your own people. A professional consultancy firm with an

    expertise in bids and tenders can turn your employees from tender

    reviewers into tender managers.

    Your employees will learn to develop their pre-qualification

    questionnaire skill and answer,

    with impact, difficult tender

    questions. They can learn how

    to effectively structure a

    document and write a proposal

    thats both persuasive and

    compliant. They will learn to

    come up with better ideas and

    solutions, which will fuel their energy for work.

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    23/26

    P a g e | 22

    This type of training will also allow you to assess the strengths and

    weaknesses of your employees. You can make the most of your team by

    assigning them in positions where they can thrive. An energised tender-

    trained team working for

    you can be an

    unstoppable machine with

    a focused effort towards

    winning bids.

    Some firms also

    train people how to draft

    invitations to tender and how to select the right service providers or bids.

    This means that the procuring company will have the expertise in drawing

    out the best bids from the lot. They might also have a screening panel with

    the right set of skills to recognise a poorly written bid. With staff that had

    tender trainingwriting your bids for you, your proposal will have an edgeover all others.

    If your business hasnt been getting new projects, if your bids are only

    half successful, if you want to develop your employees skills in bid

    management and writing, then it only makes sense to undergo a training

    course in bid writing. Invest in your business today with tender writing

    training.

    http://www.executivecompass.co.uk/business/business-continuity-planning/bid+and+tender+writing+training?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/business-continuity-planning/bid+and+tender+writing+training?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/business-continuity-planning/bid+and+tender+writing+training?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    24/26

    P a g e | 23

    How To Master Bids And TendersBusiness development Its a beast of a machine that functions

    perfectly when sales and operations are enabled efficiently. Bids andtenders are essential cogs in business development. Knowing how toacquire tenders and win bidding opportunities will bring new projects, which

    in turn bring new profit sources.

    Any company, whether its a start-up, small to medium enterprise

    (SME), or a Fortune 500

    corporation, is engaged

    in tenders and bids. The

    larger ones will naturally

    have more invitations to

    tender while the start-

    ups and SMEs might

    have to source leads.

    Whatever the case, a degree of competence and skills are required to

    ensure a winning completion. Most companies even invest in tendertrainingto ensure successful bids.

    When invitations to bid are sent to specific companies, it is not always

    wise to bid for every single one. It might seem wise and logical to go after

    every bidding opportunity, but choosing to organise a team to handle

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/business-continuity-planning/bid+and+tender+writing+training?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/business-continuity-planning/bid+and+tender+writing+training?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/business-continuity-planning/bid+and+tender+writing+training?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/business-continuity-planning/bid+and+tender+writing+training?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/business/business-continuity-planning/bid+and+tender+writing+training?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    25/26

    P a g e | 24

    tender management for every tender that comes through the door will be

    very costly to the business.

    Bidding for public sector tenders differs from private sector ones in

    that it demands a level of attention to detail and a considerable amount of

    time to accomplish. The pre qualification questionnaire (PQQ) for public

    contracts are more comprehensive than ones that come from the private

    sector, so a specific set of expertise is required to complete this particular

    PQQskills that can be ascertained from a bid management consultancy

    firm. An effective bid management team would do well to determine first

    whether the tender is appropriate for the company.

    To ensure that a company wins a contract or project, the team

    handling the tender must have

    the ability to plan, manage,

    and write compelling

    proposals. Bidding is com

    petitive, especially in this

    financial climate when the

    government is making

    sweeping budget cuts and

    private companies are either

    not hiring or even laying

    people off. A bid-selection

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4
  • 8/2/2019 Essentials In Bid Management

    26/26

    committee will naturally be very thorough in choosing the right company for

    their projects or required services.

    In evaluating the tender document, the team assigned must

    determine and target the resources required. They must write a more

    compelling bid than the competitors. They must know how to plan and work

    within a deadline. They must understand and know how to navigate their

    way around the bidding process. There are a lot more fundamental skills

    and knowledge to have in mastering the bid and tender process all of

    which can be addressed with training.

    Whether its

    establishing a cafeteria

    inside a military base,

    providing a regular

    cleaning service to a

    company or developing a

    property, a dedicated,

    knowledgeable and skilled

    team will ensure a

    successful bid. A successful bid means a business has realized its full

    potential for gaining a new client and making profits.

    http://www.executivecompass.co.uk/?utm_source=se10S3&utm_medium=pdf&utm_campaign=fdp4