Stages of Preparation for Tenders and Bids
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- Stages of Preparation for Tenders and Bids
Programs
Start Date
May 15, 2025
May 15, 2025
Course Visits: 2,241
Duration
20 Hours
20 Hours
Outline:
Understanding procurement
- Why procurement practices are becoming so widely used
- What procurement practices are being used in the industry
- Extend this understanding to do a better job in the RFP process
Picking your battles
- Creating a successful proposal by focusing your time and resources on a small number of selected RFPs
- Realistically assessing each opportunity
- Improving your success ratio by only responding to RFPs where you can offer the best solution to a customer
Understanding the requirement (process)
- Understanding the rules and playing the game
- Methodically analyze the form of response the customer is asking for
- What information to present at what stage in the process
- What to do and not to do
Understanding the requirement (content)
- Identifying the customer’s requirements and what they really want
- Distinguishing between what the customer wants to buy, and what you have to sell
- Avoiding common mistakes
Understanding the wider need
- Knowing your customer’s operating environment and strategic objectives
- Discover your unique customer’s environment and objectives
Understanding your strengths and weaknesses
- Identifying your strengths and weaknesses relative to each RFP
- Showing your customer that your offering is ideally suited to their requirements
- Managing your real and perceived weaknesses
The importance of accurately understanding your competition
- Analyzing your competition – both known and unknown
- Differentiating your offer
Planning the bid (process)
- Planning your proposal preparation to go smoothly and meet the non-negotiable deadline
- Getting the required input from internal and external stakeholders
- Make sure your response is compelling and compliant
Preparing the bid (content)
- Best practice organization and methods for RFP preparation
- Writing the RFP the customer asked for, in the format they asked for it, and in a language, they can understand
- Demonstrating why your solution is ideal for your customer and why you’re their ideal business partner
- Creativity in RFPs – making a positive impression
The post-RFP presentation
- Planning your presentation as a short-listed supplier
- Important elements of your presentation, and what to avoid
- Delivering the presentation to the customer’s selection team
The wider picture
- Establishing a wider approach to the RFP process
- Steps to winning a customer before you respond to the RFP
- Building a relationship with your future customers and maintaining relationships with existing customers