RFP Response Templates
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 hours responding to proposals. Because of this, many business owners end up re-using previous bids and change very little information to meet the requirements of the new RFP. By doing this, their win rate is often less than 30%.
Every entity is different and so are their RFPs. Unless you have worked with the specific issuing entity previously, it’s impossible to predict exactly what information their RFP is going to require from your company. For this reason, there is no such thing as an RFP Response Template that can be utilized across the board to fulfill an RFP’s scope of work.
But, just because templates aren’t useful here, does not mean there aren’t ways to save time generating responses. In this article, we share a list of standard response requirement areas that your business can prepare ahead of time. Your team, subject matter experts included, can then focus their resources on customizing information directly to the customer’s needs.
Ask yourself “Why Us?”
This is a significant piece of marketing script that you will include in your RFP response. It answers the question: Why do customers choose you over your competitors?
Defining your competitive advantage can be difficult. We tell our clients to produce a list of your top five “Why Us” statements. Not only does this help us understand our clients, but it also helps us find really great RFP “fits” for our clients. Companies that have a good sense of who they are, and what they’re best at, can simultaneously judge whether the RFP is strategic for their organization.
With your five “Why Us” statements expertly crafted in hand, you can use them to guide your RFP response. They will save you time rewriting some of the same statements in every proposal. Just make sure to tailor the information to speak to the client’s proposal. For instance, if the RFP is seeking a firm specializing in advertising services, include the statements detailing your excellence in PPC, your best-in-class SEO awards, and your copywriting faculties. Do not include paragraphs highlighting your experience running public relations campaigns.
Key Personnel Overview
Most RFPs will ask to know more about the key personnel who will be managing their project – including a description of their expertise, capabilities, and credentials.
To prepare ahead of time, keep a running list of your key employees on record with all of their contact information included. In addition, ask each employee to contribute a paragraph about themselves that describes their background, work history and educational achievements. Some good information to include may be:
- Their title and responsibilities at your company.
- Degree received from a given college or university, including their major, if relevant.
- Any additional professional certifications held, and from what organization.
- Press mentions, speaking opportunities, book contributions, etc.
- City or state they grew up in and any places they lived in that relate to their professional career(s).
- (Optional) A personal touch that speaks to your company’s culture (ie volunteer work, charitable organizations supported, a fun fact, pet name, etc.)
- A notable past work experience that relates to their career expertise.
This is an easy one-and-done task. And, when done as a whole, these overviews will follow the same flow and voice. This helps avoid instances where Sally writes three paragraphs about her work experience while Stewart only shares two sentences about his education. When saved properly, you will be able to grab each employee’s information and combine into one document to quickly attach into your proposal.
Prepare ahead of time to submit a hierarchical chart explaining your management structure. This chart will further be edited to meet specific RFP requirements and show exactly who will be working on the project. To properly prepare, include employee information as:
- Company contact details – including both work email and phone information
- Photo – a simple headshot or professional photo
- Their role as it directly relates to the project. This will likely vary and will need to be adjusted accordingly to meet the needs of the specific project.
We ask our clients to have a company organization chart on hand in an easily editable format. If the information is prepared ahead of time, the structure can be quickly adjusted to meet the needs of the RFP requirements.
Key References & Case Studies
Vendor references let procurement teams directly evaluate feedback regarding a project already completed by your team. They also allow them to hear an unfiltered version of your product or service delivery. Your reference may be asked questions regarding what went well, what they would do differently, and what advice they would give prior to working with your company. Have a minimum of five (5) references at your disposal to include with your response. In our experience, most RFPs will ask for three (3), but like the rest of your bid, you will want to include references to match that of your customer.
You may have completed projects where references are not available. In this case, write a short case study explaining the scope of the project and its outcome. You’ll want to provide the procuring team with a complete overview of past projects that relate similarly to theirs. Use case studies to demonstrate how you created value for your prior clients and why that sets you apart from your competition. Or, if a project did not go smoothly, how you constructively resolved the situation.
“Response Database”-Standard Questions
After submitting your first bid, keep each document within a file where you can easily “CTRL + F” information. RFPs that are similar in scope will ask similar questions that you may have already answered. For instance:
- What is your due diligence process?
- What differentiates your company from your competition?
- Describe your company’s philosophy and approach for helping clients meet their business objectives.
Also, you will want to save any certifications or licenses by name and date so you can easily search and grab quickly. The more organized you can be at filing information properly, the less time it will take to find already prepared documents.
Finally, the goal of creating these files in advance is to save you and your team the time and frustration of recreating work. You will find that over time your total response workload will decrease and the number of RFPs you respond to will increase. And the ones you more thoughtfully respond to? Well, those will unquestionably lead to an increased win rate! While there is no RFP Response Template that will work across the board for all responses, utilize these suggestions so your team can focus their strategy around the customer’s questions – not their own rushed answers.
Need Help Decreasing Your Response Time?
If your team needs help decreasing your response time to increase the amount of RFPs you respond to – The Bid Lab can help. Check out our case studies and find out how we help our clients increase their response efficiency and go onto winning more bids. Time is money. So let our experts do what we do best – so you can focus more on what your business does best. Call us today and schedule a free consultation.