As public sector contracts become more competitive in response to evolving technology, the phrase “modern problems require modern solutions” couldn’t be more true. The key to success with modernizing an RFP process is investing in technology that’s easy to use and efficient for client communication. With the right supporting technology, all other aspects of your…
When you hear the word “automation,” you may think of factory workers being replaced by robots, or reports that AI might someday take over the world. But at The Bid Lab, automation means something different. It means less work for you and an increased chance of winning your bids. And it’s all done by humans…
Introducing The Bid Lab’s RFP Industry Glossary Whether you’re new or experienced at creating Requests for Proposals (RFP), the industry terms used during the bidding process can be overwhelming. All industries have their own unique vernacular. Often, the language an issuer uses in an RFP can be determined by industry expectations and personal preferences alike. The…
Have you ever been excited to receive an invitation to a much-anticipated party? Well, in our own industry, we have a different type of invitation that excites us — an ITB! To give you a little context, an Invitation to Bid (ITB) or Invitation for Bid (IFB) is a call for contractors to submit a…
Whether it’s your first time developing an RFP or your 50th, the potential for building a new client relationship is always exciting. RFPs are an excellent opportunity for expansion and growth by opening up new doors for your organization. You may be strengthening your ties with an existing client or hoping to capture the attention of…
Perhaps you’ve heard the term in passing. Or, maybe you’ve read the acronym “RFP” and wondered what it meant (psst– it means “Request for Proposal”). But whether you work for a large corporation or your own small business, knowing how to market goods and services is vital. So, learning the ins and outs of the…
During the Covid pandemic, very few aspects of our personal and professional lives have gone unaffected. Social distancing, remote work and economic changes are yielding new developments in how we work and conduct business. With all of these changes, you may find it challenging to manage an RFP response on your own. Writing an RFP doesn’t…
“The best marketing doesn’t feel like marketing.” — Tom Fishburne, Founder & CEO, Marketoonist Not only is marketing an effective way to engage customers, but it also helps to build a company’s reputation. Additionally, it develops a relationship between customers and the business and boosts sales. But many people don’t know you can develop a…
The COVID-19 pandemic and its far-reaching effects have brought uncertainty for all. This is especially true for those working in the marketing and business worlds. Circumstances are changing daily while we strive to achieve a new normal. While the pandemic has brought about a myriad of challenges, our world has gone digital at an impressive…
In today’s fast-moving business world, corporate and governmental procurement departments use the Request for Proposals (RFP) process to meet legal and litigation goals. RFPs seeking legal services can be an excellent starting point to increase your firm’s business. First, you must know who might issue an RFP for legal assistance and why. Below is a…
