Writing and submitting the tender response may be a grueling process. It may include an online registration with the relevant portal of e-tendering, completing an expression of interests and PQQs or pre-qualification questionnaire with all necessary evidence. It also includes the reading through the service specification length, completion of ITTs or invitation to tender, method statements, plan transitions and budget all before being invited for the interview and chosen as preferred bidder. For the bidders who navigate all these processes regularly, they will look to use the processes of bid management in order to minimize the pain and to improve their successes chances.
What is Bid Management?
An effective kind of bid management is the means coordinate the tender submissions systematically and successfully, to lead to best possible bid. To streamline your next following bid, you can learn from every bid done so that in every occasion, you’re not doing the things from a scratch because you are fully prepared.
So, it includes the following:
- Make the most of various specialisms available on you
- Manage budgets and risk
- Know where and what evidence or past bids are being kept and who completes it
- Schedule when the important tenders need to be completed
- Know what are the priorities and when to withdraw
- Know when to bid and know when not
- Have a bidding machine in the place to deliver a bid strategy
- Know what are on the horizon
- Have a process and system
Bid management is also necessary to be reviewed and improved constantly. You can refine your management approaches any time, but the perfect time is before tender is advertised.
How Bid Management Helps to Win Public Sector Contracts in the UK
The public sector contracts in UK are able to obtain their victory with the aid of appropriate bid management. They have made a strategic decision towards the market they involved long before having a response to the tender, a month or a year. In the early stage, they started building key contracts for good relationship management, and they influence the policy debates using their proposals and ideas. Internal system will review if this works or should they continue to invest in market shaping.
The knowledge of the relevant policy agenda is the bidders benefit because of their early involvement. Then, they have the position in markets. The commissioners will know who really they are, and what their offers are. They have assembled the team of bidders and they plan out to respond. Even if the process may possibly take a year, they are ready when tender is published.
Even the public sector contracts in UK win the bid though sustainable bid management, they should look to the factor to learn from every bid and make an improvement for the subsequent bids. Every bid must improve and develop your knowledge on how successfully tender, what resource, and skill needed and how the tendering world is able to work.