Your organization has a service or product to sell. It’s time to respond to a client’s Request for Proposals (RFP) – don’t panic! Because The Bid Lab knows a thing or two about how RFPs work for vendors. So, let us get you started by breaking down the steps of the RFP process. By understanding…
A Request for Proposal, or RFP, is by far the most common way for the government – and some private companies – to acquire goods and services. When an organization needs a product or service, they may write up and publish an RFP, and ask for qualified vendors to apply in a specified way. Simply put, it’s a document that lays out an organization’s needs and asks for solutions from applicants, who are applying to win the right to complete the project.
Bidding on government and private sector RFPs can be very different experiences for you and your business. Generally speaking, this is largely due to the varying objectives and regulatory requirements of public organizations versus those of private companies. While profit is usually the sole motivation of a private business, public entities have myriad factors to consider.
The digital revolution has upended not only how we consume media, but also how much media we consume on a regular basis. Back in 2015, companies spent an estimated $30 billion on marketing in what came to be known as “Mediapalooza.” Many of the world’s biggest advertisers closely reexamined the efficacy of their marketing agencies and made…
Selling products and services to the federal government can be a confusing, time-consuming process. Fortunately, the government has established a program to streamline government acquisitions of private-sector assets. Below is an overview of the GSA, GSA Schedules and whether your company should pursue it. What Is the GSA? The General Services Administration, or GSA, is…
While hiring a consultant may seem like an easy and efficient way to tackle the RFP process, there are a few things to keep in mind if you do choose to do so.
