If only there were more than 24 hours in a day. If you’ve gone through the RFP process before, you probably know the feeling. Developing RFP proposals to grow your business takes time, effort, and lots of patience. With all the other business responsibilities you’re juggling, it can be hard to imagine submitting more responses […]

Think back to the last time you wrote a research paper. Perhaps you’re remembering the days of college term papers and MLA formatting. You probably spent hours in front of a computer, hoping that using just the right search terms would bring up the perfect source for your paper. If this sounds vaguely familiar, you […]

As public sector contracts become more competitive in response to COVID-19 and evolving technology, the phrase “modern problems require modern solutions” couldn’t be more true. The key to success with the 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 […]

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 […]

Whether you are new or experienced at creating Requests for Proposal, 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 a Request for Proposal (RFP) can be determined by industry expectations and personal preference alike. The procurement space operates with […]

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 proposal for […]

Whether it’s your first time developing an RFP or your fiftieth, 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 you’ve read the acronym and wondered what it meant: Request for Proposal (RFP). Whether you work for a large corporation or you’re the owner of a small business, knowing how to market your goods and services is central to succeeding. No matter what industry you work in, […]

During the COVID-19 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 changes happening so quickly, 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 organizations—including non-profits, government agencies, and private companies—don’t […]

The COVID-19 pandemic and its far-reaching effects have brought uncertainty for all, especially those of us 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 rate, with […]

In today’s fast-moving business world, corporate and governmental procurement departments are using the Request for Proposal (RFP) process to meet legal and litigation goals. Below is a non-exhaustive list of why organizations enlist the help of law firms through RFPs. 1. The organization needs to revamp (and often reduce) the group of providers it currently […]

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 […]