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…
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…
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…
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…
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…
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…
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…
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…
A Scope of Work (SOW) is a fundamental piece of a Request for Proposal (RFP) and describes what the company is looking to achieve as a result of the RFP. The SOW helps ensure that the product or service meets the company’s needs and establishes the parameters of what could be included in the resulting…
You never get a second chance to make a first impression. The same is true when responding to Request for Proposal (RFP) opportunities. A successful RFP response establishes its tone immediately through a well-thought-out cover letter. RFP cover letters include an overview detailing why your organization is best suited to meet the issuer’s needs. An…
