Do you want to grow your business in video production? Because tenders offer an effective means to secure contracts with new organisations. Tendering is therefore a vital strategy that many use to empower their business.
While different industries will have their own tendering processes the general idea is the same. Tendering is a formal process where an organisation (the ‘buyer’) posts an opportunity for a contract that others can ‘bid’ for. This makes your video production company the ‘supplier’ in this process. Both public and private sector organisations recognise the value of tendering as a fair and transparent procurement method. For the buyer, the goal is to secure the most economically advantageous tender, which you may see referred to as ‘MEAT’.
Understandably, this means that tendering presents you with many opportunities to bid for. This also means many others are bidding for the same opportunities. It is important then to not just focus on how amazing these contracts are but to ensure you are producing amazing proposals that meet buyer specifications. Most importantly, you need to show why you are the best video production company for the job!
If you’ve never tendered before the process might look daunting. Here we will make it easier to digest by covering the more important parts. Video production tenders are creative tenders, meaning they will often be Requests for Proposals (RFPs). With RFPs the buyer provides a specification that you use to produce a creative project. The format is usually free form with few restrictions or word count limitations. Does this seem unusual? Consider that creative industries want to see the quality of your creativity! If you can grab their attention and show your talent off this early you are well on your way to winning the contract. If even your bid is amazingly presented, the buyer is assured that your video production skills are similarly skilful.
Generally, there are a few core aspects of tendering that creative industries are recommended to focus on. These are:
Finding the perfect contract is essential for any business. The creative sector constitutes a surprising amount of the UK workforce, with new jobs posted at a faster rate than other sectors. With so many opportunities it is important to know how to efficiently narrow down your options. In the ever-growing pool of video production opportunities, how can you know which will be the absolute best for your company?
Tendering can help. The process allows you to search tendering portals to find specific opportunities that appeal to your company. Additionally, opportunities to bid for work with major and well-respected organisations will arise. Not only will contracts like this be major earning opportunities but they will also improve your company image. Securing contracts will massively expand your professional portfolio, which in turn will help you secure more and more impressive contracts in the future! Overall, tendering does not simply provide a few chances to work, but an abundance of exposure to opportunities that will expand your video production company.
As we discussed earlier, tender portals are typically where you can find your opportunities. Here at Hudson Outsourcing, we have developed tender portals for a wide variety of sectors to ensure the most streamlined experience when searching. For video production, our Creative Tenders Portal is exactly what you need. Our procurement team searches through thousands of sources daily to tag every tender appropriately.
This means that when you come to search less time is spent combing through irrelevant tenders. Instead, you will find only the best tenders for you!
Buyer: University of Huddersfield e-Tendering
Buyer: London Universities Purchasing Consortium
Buyer: Equality and Human Rights Commission
Location: North West
Buyer: Arts Council England
If you would like to see even more video production bids we worked on, feel free to visit our Creative Tenders Portal.
After careful consideration, you might have decided that tendering is the right move for your video production business. However, you might run into issues with training someone in-house or finding time in a busy schedule to work on a quality bid.
As mentioned earlier, Hudson Outsourcing can assist you. Our Succeed Team is here to help when you lack the time or resources to produce your bids. Notably, our team holds an 87% success rate from bids produced from over 60 years of bid writing. Should you choose this path, we can guarantee quality.
Other services we can provide include advice on becoming Tender Ready, guidance for Improving your Tendering and even Tender Mentoring! If any of these interest you, we offer free consultations where we can discuss the best approach for your video production tenders. You can call us at 0203 051 2217 or email us at email@example.com. You can also try a free trial of our Creative Tenders site!