3 Basic Tips to Remember When Responding to a Tender
Do Your Research
Basically, a tender is an invitation to bidders to submit their proposal for a specified business need. The contract will be awarded to the bidder who can meet this need most closely and provide the best value for money. However, it's important to remember that price is only one factor. Remember:
- Read all the documents relating to the tender.
- Attend any briefing/information sessions that are offered and make sure you understand the scope of work.
- If there are any uncertainties, have them clarified as early as possible.
- If you have the chance, also research the Public or Private Sector Entity's history, background, operations and any details about previous tenders.
- Another way to get a head start over the competition is to network and build relationships with the key decision makers prior to the bidding process.
Address all the Scope of Work
Every bidder will be evaluated against the tender criteria or functionality, so it's important that you address them clearly and concisely. Make sure you also provide supporting evidence if available, such as profit figures and other key performance indicators from similar projects you have worked on.
Be careful about going too far, though. Providing too much information could overwhelm your potential client and turn them off altogether.
This is your chance to show that you are experienced, reliable, and confident that you can deliver on what's required. It's also your opportunity to differentiate yourself from the competition.
Review, review, review
Before you hand in your tender:
- Review it to make sure it's complete and doesn't contain errors.
- Make sure someone other than the original responder proof reads the entire document at least once, since it's harder to spot mistakes when you're too close to a project.
- Check that it meets the required format and style.
Many organisations, such as government agencies, can be very stringent with their deadlines, so it's also important that you hand your tender response to the right person, at the right location, before the specified closing time and date.
Putting together a great tender can take a lot of effort, but the payoff can be enormous if you win. It's always good strategy to put as much care and attention into your tenders as you would any other area of the business.
If your tenders are as good as they can be, odds are you'll win the business. Learn how to make sure you're prepared to handle the increased workload.
To learn more about this and many other tender conditions please attend one of our How-to-Tender workshops. Tender Workshop dates are published on our website at www.how2tender.com. For more information on the tender courses please email Werner at email@example.com.
This article was written by Werner van Rooyen, Director of HowToTender (Pty) Ltd. which specializes in tender consulting and tender training.