Drafting a compliant response to a request for proposal (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. On 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 […]

If your company offers innovative technological products or services, there is 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 […]

RFP tools, from automated response software to visual design programs, promise more benefits than ever before. But 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 to help ensure your […]

If you are working towards generating new business for your organization, there are opportunities within the world of Request for Proposals (RFP) just waiting to transform your firm’s growth trajectory. RFPs can seem demanding, technical, and competitive, but with the right preparation, there are game-changing wins that can truly transform your organization.  Step 1: Understand […]

Representing the third largest economy in the United States, it isn’t surprising that the Request for Proposal (RFP) landscape in Florida is becoming an invaluable source of opportunities for vendors of every size and scope. Whether your business calls Florida home, or is looking to expand into the state from elsewhere, winning the right Florida […]

Wolfgang Puck calls a great chef, “a mixture of artistry and craft”. The same can be said for managing a great request for proposals (RFP) response. Just as a cook blends passion and flavors, a successful RFP response should draw from a diverse set of ingredients to create the perfect RFP recipe! At The Bid […]

An amazing RFP response can provide additional revenue streams for your business. If you’re an expert in your field, or you know your organization is ready to provide an expert-level product, Request for Proposals (RFPs) are a lucrative ecosystem you can’t afford to ignore. But in this bustling, competitive world of bids and proposals, you […]

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. Each path offers its own benefits, as well as drawbacks, depending on your organization’s needs and goals. Two of the […]

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 that provides a concise overview detailing to the reader exactly why your organization is best-suited to meet the issuer’s […]

Anything can happen in a New York minute, including finding the perfect New York RFP opportunity to help your business reach new heights. Whether your organization is NY-based, or simply determined to penetrate the world’s 12th largest economy, winning a bid proposal in NY is no easy feat. The competition in the City and the […]

Finding the right Request for Proposal (RFP) can mark a major turning point for your business or organization. Billions of dollars in contracts are awarded each year through the RFP process, but in such a competitive landscape, it can be difficult to know where to begin one’s search. At The Bid Lab, we’re experts in identifying RFPs that strategically align with our clients’ business goals. If you are trying to find and source RFPs for your organization, here are several tips we’re happy to share.

The Request for Proposal (RFP) process – or how organizations source, evaluate, and acquire goods and services – used to be a pretty archaic ordeal. Think binders slowly making their way through the mail, typewriters bleeding ink, and warehouses full of questionnaires piled as high as the eye can see.

Your organization – private, public or nonprofit – needs to implement a project, such as building a new website, and you’ve been chosen to lead the process to find a vendor to do it. You’ve decided the best way to compare vendors is through the RFP process since there are many advantages to doing so.

Many people hate Request for Proposals (RFPs) – I mean really hate RFPs. And it’s tough to blame them. Oftentimes, RFPs are hundreds of pages long, requesting painstakingly detailed information about a product or service with the understanding that responses are contractually binding, pricing should be firm, and due dates strictly adhered to.

Responding to RFPs can be a rewarding and lucrative choice for your business; but, before you can respond to one, you need to know where to find them! In our latest blog post, we cover the ins and outs of finding public and private RFP opportunities.

Your organization needs to build a new website. You’ve been chosen to spearhead the project. Now, it’s time to build a Request for Proposal (RFP) – and of course, you’ve never done this before! What is an RFP? How do you even construct one? Where do you look for help?

You have to respond to an RFP or other type of bid request. It’s not always enjoyable but it’s easier when you have a solid, strong chance of being selected. What can you do to not just respond…but to WIN?

The world of bidding on government projects can seem daunting! For one thing, there are a myriad of bid document types, and to make things worse, similar or identical document types often have different names or abbreviations, depending on the preferences of the entity that issued them. We’ll break down the differences for you in our latest article.