Stages of Preparation for Tenders and Bids

  • Stages of Preparation for Tenders and Bids

Programs

Start Date
May 15, 2024
Duration
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

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Stages of Preparation for Tenders and Bids

May 15, 2024