Finding the right vendor is never easy. When issuing a Request for Proposals (RFP), your business is forming the foundation for a relationship that may last years. It is critical to get this decision right, which is why having a proper RFP evaluation process is key.  At The Bid Lab, we help clients on both […]

As the world continues its efforts to overcome the coronavirus (COVID-19), state governments are adapting their contracting practices in subtle but important ways. Fortunately, state-issued Requests for Proposals (RFP) and other bidding opportunities are continuing.  These government contracts represent a valuable opportunity, especially given the high level of uncertainty in private-sector procurement. To maintain your […]

New Jersey businesses of all types can expand their revenue significantly by maximizing their ability to compete and win new NJ RFPs, bids, and procurement contracts. Whether you are an established firm, or an ambitious new enterprise looking to make your mark, there are millions of dollars in new business available in the diverse ecosystem […]

Many companies are struggling to adjust to the sudden shock of the COVID-19 (coronavirus) outbreak. In today’s day and age, even before coronavirus wreaked havoc on our society, many employees around the country preferred working remotely in order to accommodate their home and professional lives. For some, this was purely a style of work choice, […]

When your organization has the best product or services, getting the RFP layout of your bid response right can make the difference between a winning bid and losing out on new business. Your bid needs to be 100% responsive to the Request for Proposal (RFP) in question. That way the person reviewing your proposal knows […]

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.