Small and medium-sized business leaders all over the world share one common takeaway from the past year. At some point, each and every one of them has had to rethink some, or all, of their business strategy. Those who respond to RFPs in the public or private sector are no different. As everything was put…
Our team of bid experts are continuing to answer your most frequently asked questions! From identifying the differences between local, state and federal RFPs to clarifying just how much your team needs to be involved in the process, we want you to feel confident tackling your next RFP. And, if you missed last week’s edition,…
At The Bid Lab, we’re committed to serving as your go-to resource for all things RFPs. To that end, we compiled a list of our most frequently asked questions from both prospects and current clients. In this two-part series, we answer all of your most pressing questions about the RFP process and The Bid Lab….
While you’re the expert in your business, learning a new craft like RFP writing takes time and resources away from your business. So, why not outsource writing winning responses to tender writing services or RFP writing experts? We break down where hiring an RFP writer can benefit your business, and you can decide if it’s…
Among the many “request for” documents organizations may issue or respond to is the Request for Information (RFI). It’s used when an agency has limited knowledge about the scope of work needed to fulfill a pending project. As part of an information-gathering process, agencies will issue the RFI first as it also helps them identify…
A Letter of Intent to Bid isn’t always a required RFP document but may be one your organization considers implementing into your response process. You may be asking why you should bother with it if it isn’t required. After all, RFPs have enough requirements all on their own! So, let’s dig in. Imagine your business…
Pricing. We know it makes many of our customers nervous and can even make them second-guess their strategy when preparing their proposals. After all, it makes sense. The myth is out there that the lowest bid wins the contract. The truth, however, is that all decision-makers would like to award every contract to the lowest…
You’re not alone if you feel like completing RFPs is a never-ending process. Time, research and planning all take an organized effort from your team. There are myriad documents to assemble and requirements to meet. But, just when you think you’re finally finished, you may realize that you’re forgetting that all-important ‘first impression’: your RFP…
What’s an Invitation for Bid (IFB)? For one, it’s a whole lot less intimidating than an RFP! So wipe that sweat off your brow! The Bid Lab is here to help you dig into what you need to know — and how you need to proceed next — in responding to IFBs. What Are Invitations…
Responding to RFPs can lead to a number of profitable opportunities for you and your business. They can open doors to new industries or provide you with additional work from your existing book of business. But if the process is so lucrative, why doesn’t everyone write RFP responses? On average, companies spend an incredible 30…
