Why Should I Search For RFPs Online?

A request for proposal (RFP) is a business document. Organizations publish RFPs to solicit proposals from potential vendors for a particular project solution. The RFP specifies what the entity is looking for and describes the criteria for evaluating the proposals it receives. To read more about “What Is an RFP?” click here.

The purpose of an RFP is to solicit bids from interested parties. Businesses and governmental agencies commonly use RFPs to announce and launch new projects, often seeking services from private companies. RFPs are generally posted on public platforms so that they can reach wider audiences.

RFPs Mean Business

As a business owner, knowing how to find RFPs is critical for the growth of your company. The primary reason to search for RFPs online is that it’ll help you get more business. Last year alone, the federal government spent $1.1 Trillion on contractual services and supplies, as reported by USASpending.gov. When you factor in other public and private sector agencies, the opportunities to grow your business through RFPs are endless.

Government agencies can be great clients for small business owners. They provide secure and consistent work and are typically not as easily impacted by recessions or economic downturns.In addition, the government prefers to contract with small businesses wherever possible. Contracting officials can mandate set-asides to help their agencies achieve small business contracting goals. These set-asides limit participation to small businesses and increase your odds of winning a government contract. Additional details on this program can be found here.

With the thousands of sites out there posting bids, there is not one site that consolidates all of this information and makes it easy to search, let alone get a good idea of what the RFP is all about.

Time Is Of The Essence 

Another reason why business owners need to be serious about monitoring RFP platforms. Almost all requests for proposals come with a deadline. If you check an RFP too late, chances are it might’ve expired or you have a short amount of time to respond. This could put you at a disadvantage.  At the Bid Lab, we specialize in helping our clients not only search for opportunities to bid on, but also meet tight RFP turnaround times. So, if you really want to win that next bid, give us a call and we can get it done!

Also by identifying an RFP early you have the ability to ask questions, attend site visits, and participate in pre-proposal conferences.  All of these activities give you the opportunity to get more information about the RFP and make sure your RFP response meets and exceeds the needs of the agency.  

Finding and identifying RFPs is the hard part.  With tons of search engines and public/private entities posting bids daily it’s easy to get lost in the sea of RFPs. With the thousands of sites out there posting bids there is not one site that consolidates all of this information and makes it easy to search, let alone get a good idea of what the RFP is all about. There are multiple pay sites that will tell you they have thousands of bids available, but prices range from a few dollars to hundreds of dollars a month. These services also have varying degrees of quality data and with limited search options you have to wade through multiple bids to find that one needle in the haystack. Further, most of these databases are clunky and the user experience is severely lacking.

The Bid Lab Makes It Easy

This is where The Bid Lab comes in. With our Bid Finder service, we eliminate the noise and provide your company with quality bids that match your business.  We meet with all of our clients to understand the products and services that they offer, so we can search through the thousands of RFPs and find the best matches. This not only cuts down on their time spent searching, but also ensures that they have a better chance to be successful when bidding on qualified opportunities.  

We are also in the process of developing our own self-service search engine that will simplify the process when searching for public sector bids. With our years of experience in this space in mind, this new tool will help small businesses find relevant bids. It will also provide the information needed to decide whether or not to pursue a given opportunity. Oh, and it’s going to look great and be easy to use too! 

If you’re interested in learning more about our Bid Finder services please visit our website at https://www.thebidlab.com/bid-finder/.  You can also call 1-844-4BID-LAB or email us at respond@thebidlab.com to learn more. The Bid Lab can help you expand your client base and start selling to government agencies.