Posts Tagged ‘bid management’
Bids and Tenders, why now is the time
Estimated reading time: 5 minutes One strange side effect of the world being in lockdown has been that a unique opportunity has been given to organisations to rethink. To stop doing what they always did, to stop trying harder. They have the opportunity to do things differently, to do things easier, to do things better.…Read More
What is Bid Management and Tender Evaluation process?
Estimated reading time: 7 minutes An effective bid management and tender evaluation process provides a positive approach towards appointment of suitable suppliers. It builds mutually beneficial relationships. It also improves the quality of the supply chain whilst minimising costs and managing risks. It is critical for both project owner and bidders to be aware of…Read More
What are the Most Common Types of Tender and Tendering Process?
Estimated reading time: 6 minutes A well-defined bid management and tender process provides a positive evaluation approach that is mutually beneficial to both suppliers and vendors. A wholly balanced and highly efficient bid and tender management process improves the quality of the supply chain while reducing costs and managing risks. What is…Read More
How to Choose the Right Tender Evaluation Model
Estimated reading time: 5 minutes A tender is a submission made by a prospective supplier in response to an invitation to tender. There are 4 types of tenders, mainly open tender, selective tender, negotiated tender and single-stage and two-stage tender. With proper preparation and understanding, any business can master its bid management and tender evaluation approach.…Read More
5 Things to Consider Before Submitting a Tender
Estimated reading time: 4 minutes The tendering process is a highly competitive process, where many businesses offer their services and bid for the contracts and projects they seek. For example, government tender requests attract small, medium and large businesses across a wide range of sectors – from office supplies to major construction projects. Bids…Read More
4 Types of Tender and Tendering Processes
Estimated reading time: 6 minutes An effective bid management and tender process provides a positive evaluation approach that leads not only to the appointment of appropriate suppliers but to ensure that the ongoing relationship is a mutually beneficial. A wholly balanced and highly efficient bid and tender management process improves the quality of the supply…Read More