THAT is the question! … Right?
Many factors may affect your decision to either bid or not bid for a contract. Rather than making it a grueling and drawn out process, keep it simple.
We have put together a few checklist points, which you can use to determine an answer to the age-old question of tendering – to bid or not to bid?
|Have you got 3 ideal case studies?
These are to be similar in scope, value, and scale etc.
|Is it right for you?
Look at the size, scope, location, specification – carefully assess the work – don’t be bidding for work in Uganda if you can’t deliver there
|Is it financially viable?
Is it worth it? – would you be making a profit?
|Do you meet the financial standing?
The golden rule is that you shouldn’t bid for a contract that is worth more than 50% of your annual turnover
|Do you offer something unique in the market?
Look at your organisation’s USPs– what can you do that your competitors can’t?
|Does this fit in with a long-term strategy?
Will this help expansion and fit into key goals for your company?
|Do you need to outsource any work?
If so, how much? If it’s more than 50% why should you be chosen over other prime deliverers?
|Does your company have the ability to deliver the project on paper?
Check your team CVs – is the experience and capability there?
|Do you have time?
Do you require support? Can you afford to commit the time, effort and cost?
|Would you choose yourself for this?
Put yourself in the buyer’s shoes – would you offer your company the workload compared to your competitors? How good can you put your offering across on paper?
These are just a few examples of what you can ask yourself when deciding to bid or not to bid for a contract in your sector. We can help you decide via a highly effective and simple tender-readiness exercise our company provides, along with writing services, tender/procurement training and the best opportunity tracking around via industry-specific portals!
We don’t just look at the fact whether you should bid or not bid for any project but take into consideration your current practices, policies and written documentation to see if this sufficient against tender-specific requirements. It’s all well and good deciding to bid for a project/contract, but if you don’t have adequate processes, manuals and method statements etc., this will undoubtedly be your downfall. Make sure you’re fully ready to go!
Take the hassle out of the bid decision-making process and go for what is right for YOU!
Let us help you get there and ultimately make you grow, develop and standout!