Wednesday 3 April 2013

Tender Selecting

Selecting a Tender is extremely critical for any organisation. A giant amount of hard work is required gone selection of a tender. But, a company should give greatest significance to the first step itself i.e selecting the tenders itself. Huge amount of hard work can be wasted if a company bids for a tender that is way out of its reach or something that the company lacks the basics for.
An Organisation needs to understand its niche, the area where it can show its capability and where it has handled Agreements Successfully in the History. 


Also, an organisation should remain in mentality whether it can improve itself to the level of the agreement they are bidding for in case they are opting for something that's wholly out of their main line business.
Some of the Main Points While Selecting a Tender to Proposal Are:

Appreciate Yourself: This is the Pre Requisite to any bidding. An organisation should have a clear accepting of itself. It should know the marketplace it covers the kind of clients and Projects it can handle and last but not the slightest its restrictions. You can have a great tender writer hired for you and you can get away with good presentations. But, profound inside an organisation should be Crystal Clear about its Restrictions.

Advertise Analysis: Analyses the market type you desire to goal. You can make a list of companies and the markets they cater. Review the recent contracts in the past, their revenues, costs and profits. An organisation should continue specific with the kind of business it wants to do and shouldn't keep running behind the projects that makes no sense for it to take up and finally waste its resources and time.

Check With Probable Competitors: Believe it or not, you need to be updated with what the other companies are doing. Since you both will be fighting for the same market and hence the same contracts, it becomes extremely imperative that you have an edge over your competitors when you go on the field.
The edging can be in terms of value, finances, history, insurance, etc. What's considerable is the edge. Something that tells the client that yes! You are proficient of doing this project.

Something that sets you separately from your competitors.

Impressive that can make your company stand out in the race for that agreement you are bidding for.
Happy Bid Writing!


2 comments:

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  2. Also if you have experience in filling the tenders then you must have noticed that there is no fixed format for the free tenders and it vary from company to company. But almost in all the free tenders date, place, deadline, organization name, ref number, tender type, announcement date, last date of submission, description and pre-qualification is given.

    How to Tender

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