Coronavirus Business Strategies from Clients of The Bid Lab

The year 2020, aka “The Year Of The Coronavirus,” began as any regular year. No one in October 2019 would have predicted the highly contagious, deadly viral outbreak within the next few months. Therefore, the circumstances of the shutdown meant organizations needed to quickly adapt to a “new normal.” So, for many, that meant adapting…

RFP Layout: Tips to Design Bids Exactly Right

When your organization offers the best products or services, getting the RFP layout of your bid response right can mean the difference between a winning bid and missing out on new business. Your bid must be 100% responsive to the Request for Proposals (RFP). A clear RFP structure is key to highlighting your responsiveness without…

Why Your RFP Pricing Strategy Is Costing You

Drafting a compliant response to a Request for Proposals (RFP) is hard enough. But, it can be even more difficult to determine the right pricing strategy when looking to win your next proposal. No one wants to bid too high and miss out on a potentially transformative opportunity. By the same token, no one wants…

New York Bids: How to Make Your Mark in the Empire State

As the world’s eleventh-largest economy, New York bids offer competitive but lucrative opportunities to grow your business through the Request for Proposal (RFP) process. For enterprising entrepreneurs inside the Empire State and beyond, here’s what you need to know to stand out and win new business. Finding the Perfect Partner Responding to a business or…

Technology RFPs & Bidding: What to Know

If your company offers innovative technological products or services, there’s a lucrative ecosystem of technology RFPs (Requests for Proposal) available to expand your business quickly.  Private companies, non-profit groups and government agencies across every type of industry imaginable are in great need of external digital support. These organizations are turning to the proposal process in…

Do RFP Tools Work?

RFP tools, from automated response software to visual design programs, promise more benefits than ever before. However, crafting a winning response to an open Request for Proposal (RFP) requires these tools to be employed thoughtfully and with expertise. Luckily, there are three questions you can apply to your own proposal processes. These will help ensure…

Florida Bids: Grow Your Business in the Sunshine State

Representing the third-largest economy in the US, it isn’t surprising that the Request for Proposal (RFP) landscape in Florida is an invaluable source of opportunities for vendors of every size and scope. Does your business call Florida home, or is it looking to expand into the state? If so, winning the right Florida bid can…

Great RFP? Here’s the Secret Recipe

Wolfgang Puck calls a great chef “a mixture of artistry and craft.” The same can be said for managing a successful Request for Proposals (RFP) response. Just as a cook blends passion and flavors, a great RFP response needs many ingredients to create the perfect RFP recipe! At The Bid Lab, we’re cooking up choice…

5 Tips and Tools for Creating Amazing RFP Responses

An amazing RFP response can provide additional revenue streams for your business. Are you an expert in your field? Do you know your organization is ready to provide an expert-level product? If so, the world of Request for Proposals (RFPs) is a lucrative ecosystem you can’t afford to ignore. But in this bustling, competitive world…

IFBs and RFPs Explained

With so many initialisms in the bidding process, it can be difficult to differentiate exactly the purpose of each proposal type. There are RFPs, IFBs, RFQs, RFIs and myriad other varieties of requests and invitations (here’s a glossary). Each path offers its own benefits and compliance issues, as well as drawbacks, depending on your organization’s…