Many people question whether they should outsource or hire RFP writers. According to BoardRoom Metrics, the average cost of hiring an RFP writer includes a salary of $65,000 – $80,000 without benefits. Once benefits are included, you’re looking at a total cost of $86,000 – $106,000 annually. At that rate, you’d need to be submitting an RFP at least every other week to come close to breaking even. For most small and medium businesses, the cost of hiring an RFP writer is impossible to justify.
Even putting the cost component aside, a single RFP writer will have a difficult time completing an RFP from start to finish. In order to competently present your firm’s wide range of capabilities, many stakeholders are often involved. Without a third party to organize your team’s conflicting priorities and schedules, RFP writers often suffer from burnout, which results in high turnover and low success rates.
Additionally, a single RFP writer can’t be expected to be a jack of all trades. RFPs require researching, writing, editing, formatting, designing, presenting, packaging, communicating, etc., which is a tall order for just one person. This master of none will likely end up as just that: mastering nothing because they are tasked with too much. RFPs require teamwork, which is why outsourcing your RFP means working with a team of professionals, not a single jack.
Lastly, outsourcing provides firms with an efficient offering. For most businesses, RFPs have a seasonal component to them, or at least a high point and/or a low point during the year. Without an RFP writer consistently on your payroll as an ongoing expense, firms are able to reallocate funds where they are needed most. (We know all too well how important this was in a pandemic world.)
Taken together, RFP writers are necessary for a select few and a waste of resources for most. Even when cost is taken out of the equation, RFP writers, at the end of the day, are writers and RFPs are a lot more than words on a page.
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Positivity. Anyone can do the job. Only we do the job with the right attitude, even when deadlines are tight.
Flexibility. Every firm has its own way of doing things. Our RFP writers will work around your people, processes, and schedules.
Reliability. Our team has never missed a deadline, and we don’t plan on starting anytime soon.
Quality. Our 4-eye review process ensures that even the smallest of errors are caught before work is submitted.
Transparency. Have any questions during the process? Call us and we will share the status of your bid at any time.
We are absolutely committed to our clients, and strive to serve as an extension of their teams. We are more than consultants, we are partners. But, don’t just take our word for it. See what our clients have to say below!
”This was my first RFP and The Bid Lab went above and beyond for me. We got compliments from other departments on how well we did. Everyone walked out of this with a positive experience.”
”When we won the first bid we ever did with them, I knew we made the right choice using The Bid Lab, and redoubled our investment to continuously bid on future proposals. Working with The Bid Lab is the gift that keeps on giving. And we continue to expand our business!”
Quality Transcription Specialists
“The return exceeded the investment for sure and it is already paying dividends. We are enormously impressed with how you were able to customize your service to our needs.”
– Kevin Hayde