Tuesday 4 September 2018

Things to include when preparing a Tender Bid

Most organizations have a proper tendering process which includes the advertisement of tenders, receipt of proposals from interested vendors, evaluation of the proposals submitted and then the final selection of the proposal. Well-known public and private firms perform a proper tendering procedure as it ensures that the onboarding procedure of a vendor or contractor is carried on in an impartial manner and the buyer gets a win/win deal. The main intention of the tenders is to allow a company avail premium quality of products at a cost-effective price range.  It also provides a platform to the small and medium scale business organizations to take part in global tenders and make their mark on the international market.
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How to find tenders such as civil contracts tenders?

In order to participate in tenders, it is very important to keep a track of the most current tender news and have good knowledge about the complete range of tenders floating in the market. The private sector tenders can be found by:
  • Building contacts through potential clients
  • Giving advertisements in both national and local newspapers
  • Giving advertisements in professional and trade based magazines related to your domain
You can also keep a track of the renowned websites that offer accurate and in depth information about the various tenders available in the market across the globe. This is possibly the easiest and most convenient method of gaining information about important tenders such as civil contracts tenders.

What should be included in a tender bid?

When it comes to preparing a tender bid, it is very important that all the vital points are explained clearly, some of which are mentioned below in detail:
  • You can talk about the necessities of the clients, while mainly focusing on how you can help them meet their necessities and fix their problems. Moreover, you should give emphasis on the fact that you have the appropriate knowledge, skills, experience and infrastructure to meet the necessities of the clients.
  • Complete the qualification document diligently. Ensure that you list all your achievements and qualifications here as this will help to make a positive impression on the mind of the buyer as well as the evaluation panel.
  • Besides talking about the achievements of your company, you should also put special focus on the skill set and expertise of your staff members. 
These are some of the things that should be included in a tender bid in order to better one’s chances of securing the contract.

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