Follow us

BidsInfo Blogs

   

Mercy Corps Invited Tender for Printing of Visibility Materials.

Posted on: 10th Mar 2020 (#ref: 4)

Mercy Corps Invited Tender for Printing of Visibility Materials

                                                                                             Mercy Corps Invited Tenders for Printing of Visibility Materials

Mercy Corps, a non-religious, non-profit and non-governmental international humanitarian organization is seeking suppliers for printing of Visibility Material for the Graduation of 2400 Adolescent boys and Girls aged 10 to 19.

   

Attributes of a Good Tender/Bids

Posted on: 10th Mar 2020 (#ref: 3)

Attributes of a Good Tender/Bids


A Tender is a formal, structured invitation to suppliers/ contractors/ service providers for supply/ provision of products or services, it is a bidding process utilized by both public and private organizations.

Attributes of the perfect Bid/Tender proposal :

1. Understanding the purpose of the Tender.

First, understand the purpose of the tender. Your success ratio depends upon how best you understand what is the requirement and how effectively you can respond to that by offering the best bid in terms of solution.

2. Explain, why you are the best to execute this tender.

Then try to analyse how you can convince the buyer or the tender Issuer that your company will be the best to execute that particular project. Your Bid offer has to communicate the best about your company and the capabilities of your organization. Your Bid-Offer may play an important role with the decision-makers. Explain clearly in a professional manner how you are going to execute the project and offer the Issuing company value for his money. Your Bid offer should reflect a positive and professional approach without any ambiguity. Mention the resources including the experience and qualification of the team who is going to execute the project. Specify clearly how you are going to meet the deadlines.

3. Knowing your Competitors.

You should also be aware of the market in which you are operating. Who all are your Competitors. What are your competitor's Strength and Weakness? Based on that you can devise your Unique Selling Proposition and how your organization is different than others. Accordingly, your Bid offer should be drafted clearly mentioning how you are going to achieve the objective of the buyer.

4. Writing a Bid is a Skill.

Writing a bid is a Skill. Many time Bids are lost due to poor writing and message is not clear. Don’t give any Illogical reasoning in your Bid Offer. Your opening sentences should be attractive enough to generate interest in the buyer. Try to add some information which might be of interest to your buyer and he might not be knowing so that he should remember you for providing him additional Knowledge. Try to Propose some Innovative solution if you have any which might attract the tender or Bid Issuing Officer.

Address each and every points or criterion laid separately. Whatever supporting document you want to attach you can do it as an appendix rather than in the middle of the offer. Your bid offer should convey a message that you understand the requirement of the bid issuer by submitting information and proposals that demonstrate your knowledge of the area you are working in, your experience and the skills that you would bring to the work.

There are many factors which are critical and decide who wins the contract but how you prepare the Bid-Offer is an important step which may get you close to that winning contract. It gives you an opportunity to introduce your business and highlight the capability of your organization.

Remember there is no right or wrong way to prepare a good bid proposal but the way approach to that particular bid matters a Lot.
 

   

How to Prepare a Strong Bid/Tender.

Posted on: 04th Mar 2020 (#ref: 2)

How to Prepare a Strong Bid/ Tender.

A Tender is a formal, structured invitation to suppliers/ contractors/ service providers for supply/ provision of products or services, it is essentially a transactional model whereby large organizations, companies, government bodies and non-profit organizations find suppliers and contractors for particular projects or procurements. Therefore, it can be said that tenders form the base of the bidding process is used by both public and private institutions.

Things to keep in mind while preparing a strong Bid/Tender.

1. The first thing is to make sure that your company qualifies all criteria laid down by the tendering agency. Attach all relevant documents which are needed and don’t just load information’s which is not going to serve the purpose. Tailor your bid as per the requirement of the tendering panel and give a personal touch to your bid.

2. Make your Business strategy prior to the release of tender. Identify the Organization and the hierarchy Level. Try to Build a rapport with the person who can give you some guidelines about their requirement. If possible, have a discussion with them about any information they will require or any help before issuing the tender document. If you have a good rapport with the issuing authority you can suggest some points which can help you reduce the competition.

3. Try to Incorporate your strength or some points which can give you an upper hand in the bidding process. Like, make of the machine or some other process where you have a patent.

4. Try to mention your Strength and the Projects you have executed. Don’t be under Assumption that tender issuing agency knows everything about your company. Remember ASSUMPTIONS can lead to DESTRUCTION. Highlight the strength and qualification of your team who are going to execute the project. Back up what you have said with evidence and certificates like statistics, reference and quotes from clients, awards and appreciation certificates all add credibility to your bid.

5. Mention clearly about what you do and how can you execute this project better than your competitors. What advantage you can offer. Draft a good and clear offer letter without any vague sentences. The message should be clear.

6. In the last have a look at the bid which you have quoted and try to get a feedback from each team member about some missed points.

Remember Tenders and Bids are Interesting. You have to understand the basic requirement of the issuing company and try to offer him what he wants.

If you have the Heart to Believe and the Mind to Achieve, then Success will be Yours. 

   

Benefits of Tendering System

Posted on: 04th Mar 2020 (#ref: 1)

Benefits of Tendering

A Tender is a formal, structured invitation to suppliers/ contractors/ service providers for supply/ provision of products or services, it is essentially a transactional model whereby large organizations, companies, government bodies and non-profit organizations find suppliers and contractors for particular projects or procurements. Therefore, it can be said that tenders form the base of the bidding process is used by both public and private institutions.

The Advantages of Tendering are:

• Tenders often encourage innovations that enhance the efficiency and lower costs of the manufacturing processes. Tenders provide companies with an opportunity to re-evaluate pricing structures and incentives in order to adopt up to date business practices.

• Tenders aim to provide the best possible value for money outcome for the clients. When the issuer of the tender is a government body, this saves precious taxpayer money. In the case of private organizations, this process safeguards the interests of the stakeholders.

• Tendering also monitors current suppliers and contractors and prevents complacency and fall in quality.

• The tendering process stimulates competition in the market and gives the client a large pool of bids to choose from.

• It also gives new firms/companies the chance or opportunity to enter the market by winning a prestigious contract on the basis of merit, even without any prior contacts or connections in the industry.

So, if you want to know about the latest national and international tenders floated in every sector of the economy, you should log on to a reputed online portal like Bidsinfo.com that provides up-to-date information that are awarded on the basis of predetermined criteria such as price and quality.

Therefore, a new firm with no prior connections in the industry can win a prestigious tender by providing the greatest value for money. This reduces the chances of favouritism and nepotism significantly. This approach helps to play fair and level the playing field in the business world, as a result of which even a small company can win a big global tender by maximizing efficiency and productivity and lowering costs.

 

Source