When companies and organizations seek additional revenue streams they are increasingly turning to the Request for Proposal (RFP) process. If you’re an expert in your field, or you know your organization is ready to provide an expert-level product, RFPs are a lucrative ecosystem you can’t afford to ignore. But in this bustling, competitive world of […]
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 of the […]
A scope of work (SOW) is a fundamental piece of a Request for Proposal (RFP) and describes what the company is looking to achieve as a result of the RFP. The SOW helps ensure that the product or service meets the company’s needs and establishes the parameters of what could be included in the resulting […]
You never get a second chance to make a first impression. The same is true when responding to request for proposal (RFP) opportunities. A successful RFP response establishes its tone immediately through a well-thought-out cover letter that provides a concise overview detailing to the reader exactly why your organization is best-suited to meet the issuer’s […]
Anything can happen in a New York minute, including finding the perfect New York RFP opportunity to help your business reach new heights. Whether your organization is NY-based, or simply determined to penetrate the world’s 12th largest economy, winning a bid proposal in NY is no easy feat. The competition in the City and the […]
Finding the right Request for Proposal (RFP) can mark a major turning point for your business or organization. Billions of dollars in contracts are awarded each year through the RFP process, but in such a competitive landscape, it can be difficult to know where to begin one’s search. At The Bid Lab, we’re experts in identifying RFPs that strategically align with our clients’ business goals. If you are trying to find and source RFPs for your organization, here are several tips we’re happy to share.