5 Ways to Improve RFP Evaluation and Pick the Right Vendor

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’s 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 sides…

IFBs and RFPs Explained

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 (2) of…