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Bid Writing – To bid or not to bid?

Bid Writing – To bid or not to bid?

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 gruelling and drawn out tender 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?

CHECKLIST

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?

How we can help further…

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!

Get in touch!

The Rules and Regulations when Tendering!

The Rules and Regulations when Tendering

Procurement: – The aspect of a business that many organisations wish was easier.

Buyers in the public sector, such as housing associations, councils, and other relevant government departments are dealing with public money. Our taxes! So, therefore, all that is procured must be done so in the fairest and most transparent ways possible.

If any conflicts of interest and/or other bias proceedings occur when tendering, there can be serious consequences to this. Especially with buyers paying massive fines and/or representatives facing prison time. The way in which procurement departments procure all works in the fairest way possible is called ‘sourcing the most economically advantageous tender’ (MEAT). This is usually established via an open process:

Open Process

Open to all organisations to submit a tender. On large projects, this may involve a pre-qualification process (PQQ) that results in a list of suitable suppliers who will be invited to tender (ITT). This open approach usually results in a large number of responses of varying suitability (i.e. both large companies AND SMEs).

It has been noted that more needs to be done to ensure ALL organisations are familiar with the ‘open process’ of tendering and the rules and regulations behind it. Hudson Procurement Group are here to do just that! Our aim is to improve the nation’s understanding of the broad term that is Procurement and eliminate the worries and qualms of managing tender processes by providing lucrative guidance and advice to ALL.

Our focus here is purely based on how the rules of public sector tendering via an open process can affect you and what can be done to ensure you’re at the top of your game:

Each UK public sector buyer is obliged by EU law to:

  • publish the contract opportunity in the public domain – our industry-specific portals (incl. Creative Tenders, and Technology Tenders to name a few) are the first of its kind to have manual daily bulletins processed/disseminated by an efficient team of people, rather than [mostly] flawed algorithms via automated systems used by ALL our competitors;
  • inform all suppliers of how tenders are to be evaluated – 95% of the time this is split between a quality and a commercial ratio (sometimes including a presentation stage too) – outline your tender strategy/focuses here – is 80% of the mark purely based on cost – are your rates competitive?
  • ask for whatever they feel is relevant to the opportunity – this could be method statements, evidence of past work, policies and written procedures – are you up to date with all background content – you don’t want to spend another 2 whole days creating a new policy from scratch- this minimises time from your actual tender response;
  • not discriminate against businesses registered in another EU country– so currently you may be up against your French competitors or other EU companies that are trying to make their mark in the UK – know your market – how do YOU stand out?
  • clearly, state all deadlines – this includes deadline to ask clarification questions & deadline for submission etc. Organise your time wisely based on this!
  • provide at least a 10-day standstill period – this is the period between contract award notification and actual contract award, allowing other suppliers the opportunity to contest/dispute the decision[s] made;

What will change in the coming years?

As we all know, some sort of changes may likely occur over time due to the whole Brexit saga and we will be the first to update you on how this affects you! For now, there has been no immediate impact on the legislative position in the UK and all the provisions listed above continue to apply!

These are just a few regulations in a very large pond filled with procurement jargon. Our upcoming Tender VLE service will ensure this jargon is broken down and shared via understanding methods and practice. The days of wishing procurement were easier are now over! Watch this space!

Your 12 months’ commitment

Your 12 months’ commitment.

We’re often asked by companies who are interested in our system why we ask for a 12 months’ subscription.  There are multiple reasons for this so I thought I would sum it up in a quick blog.

First and foremost, we believe that in order to get a true reflection of any business development activities you have to give it a decent run.  All of us who have been through the tendering process know the in-depth process of sourcing potential opportunities, responding by the deadline provided and waiting whilst the decision is made on the successful provider.

By giving monthly access to the system, we’re saying that we expect our businesses to start winning work immediately and they will find the perfect opportunity for their business on day one.  We can’t and we don’t make that promise.  Every business is different, and every business has different requirements of what they’re looking for and industries in which they want to work.

It is also industry standard to commit to 12-months subscription for this very reason.  It’s to give you a decent run at seeing a good return on investment.  Also this gives us a chance to work with you as an outsourced business development partner.

We’re very open on our website, with lots of ways to get in touch, and we encourage people to get in touch to see a live demo of the system. This allows you to see the types of creative contracts in the UK we have on our system. For ease we have supplied examples of past tenders across various creative sub sectors which include:

When people have signed up, we contact them after their first month to ask how they wish to be account managed.  Some clients like to be emailed every single time a suitable tender comes onto the system. However, others prefer to use the system alone and be contacted once a month to check everything is ok.  We’re happy if you’re happy.

We’re always happy to stay in touch…

Our subscribers are informed on day one of sign up, who their account manager is and their contact details for getting in touch.  We’re only ever a phone call away Monday-Friday 9-5, and you’re always likely to get a response out of hours as our team are very keen on developing positive relationships.

Once you’ve been introduced to your account manager, they will ask several questions about the type of work you’re looking for.  This information is shared in our weekly sales meetings which gives the Creative Finder sales team a brief of what types of opportunities you want to see on our system.  We’re so much more than a technology platform, so asking people to commit to 12-months’ is essential for us to see a return on the time we invest into our customers.  As business owners we know you will understand this concept.

We’ve so many happy customers in just the short 3 months we’ve been live, we save agencies so much time by searching over 1,000 websites every single day to source new tenders. With our Creative Finder sales team, we know given the period of time we’re asking you to commit, that we can help you grow and play a part in your proactive business development activities.

Our founders John and Jill are always happy to answer any questions our customers or prospective customers have about our services. Please don’t hesitate to contact them anytime on their direct email addresses john@creativetenders.co.uk and jill@creativetenders.co.uk.

Look forward to working with you in the future.

Questions to ask before responding to a tender

Jill’s top seven questions to ask before responding to a tender

We all know the term ‘busy fools’!  The term definitely comes into play when tendering for new business.  Seeing all those tenders coming through, is like candy in a sweet shop.  But, knowing that you could deliver the work well is one thing, on paper you have to sound great too.

The best tip we can give you is to create a Tender Checklist.  This Tender Checklist will keep you on track when bidding for new work and should include a set of questions which are essential to knowing what to tender for, and what to walk away from.

Here are some sample questions that our Growth Director, Jill asks before submitting tenders on behalf of her clients.

1. Do you have 3 strong case studies from the industry you want to work in?

Most tenders require sector specific experience, and usually require a minimum of three case studies.  Think carefully before submitting a response if you’re struggling to get the right level of experience from your bank of case studies.

2. Do you have a solid foundation of experience, developing systems or creating visuals that are similar to those in the Invitation to Tender?

Look at the work you’ve done in the last three years and ask yourself, ‘is it relevant to the business project?’  If it isn’t it’s unlikely you’ll be successful, as another bidding organisation will specialise in this area and will be able to produce a winning submission.

3. Is the tender more than half of your annual turnover?

It’s hard to know the cut off point for organisations when bid writing for work, but the general rule of thumb is that you are unlikely to win any projects as an SME that are more than 50% of your turnover.

4. Do you meet the terms of the tender i.e. three years required accounts?

If you’ve only been trading for 2 years but it is an essential requirement of the tender to have a minimum of 3 years.  Disregard the tender and don’t give it another thought.

5.How strong is your teams experience against what they’re asking for?

Think of your current and previous experience, if the management team are strong, with a proven track record, you could have a strong chance of winning the work.

6. Can you meet the deadlines required for the project?

Think about the size of your team and the number of man hours needed to complete the work.  If it looks like 100% of your team will be working on the project 100% of the time, you’re unlikely to win it, it’s too risky for the client to give you the work.

7. Is it possible to make a profit, based on the budget allocated?

Many organisations bid for work not thinking of the profit margins should they win the work.  Look at the man hours needed for the project, and add 20%.  If you’re still making a decent profit, go ahead and submit the response.

Can we have your feedback on how you currently tender for new business?

Can we have your feedback on how you currently tender for new business?

Before we started developing our product we took a selection of creative agencies feedback on the systems they use and how they tender for work. This ranged quite a bit but a few usual culprits appeared. Usually the ones that people knew about were from their local authorities, but there are so many opportunities out there, you just need to be able to find them.

If we understand how people currently tender, we will be able to improve our tendering system. We believe Creative Tenders should be a constantly evolving product and we believe with more ideas up our sleeve that we can change the way business is done globally – a big statement to live up to, right?

So which tendering websites do you use? Do you pay for tendering access or do you only use the free websites that you have found by accident as and when they appear?

What do you like about these tendering sites? Do you find any of them particularly easy or hard to use? If so we need to know, we need to make sure that our system is the best on the market. As we only have sector relevant tenders and we are industry experts, we know with the right feedback from our clients we can create a system that will have huge impact on the sector, and a huge impact on each and every one of our clients businesses.

If you want to send us your feedback so that we can shape a system that is right for you and your business, email Jill on jill@creativetenders.co.uk.