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5 Reasons Why Bids Fail!

One of the often common questions we are faced with is “why did my bid fail?” Companies bidding for contracts will inevitably encounter failure at some point, but is important to understand the reasons a submission was unsuccessful. Always assuming you have selected an appropriate bid in the first place and priced it competitively, you must then persuade your prospective client that you are a capable organization with the depth of resource, the expertise, the empathy and the solution to meet with their objectives. Let’s have a glance over a few points and make a conclusion: Research your potential customer thoroughly -To make your bid more engaging you must demonstrate a clear understanding of the corporate objectives of your company i.e. what is the rationale behind. Show that you have taken the trouble to understand them and mention their goals often. Provide details of how your products or services will help them achieve those aims, no matter in how small a way that might be. By
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How to Manage your Bid Process Effectively

Your first glance at a PQQ or tender can often leave you overwhelmed, and wondering “ Where do I begin !?” There are, however, a number of steps you can take to manage your bid effectively to ensure it is fully compliant, well written, and gains you the most marks. 1. Select the Right Projects to Bid You don’t have to bid on every job you come across. Winning jobs your company can’t adequately perform can be just as costly as not winning them. Remember, it is never too late to abandon a bid you are working on. For example, let’s say you have purchased plans, attended the pre-bid meeting, done your takeoffs and started taking subcontractor pricing. Once you start crunching the numbers you realize that your company won’t make a reasonable profit if you were to win the contract. 2. Visit the Site and Attend Prebid Meetings Having a good understanding of the existing site conditions can eliminate problems down the line should you be awarded a project? Unique site conditions l

Bid, Bid, Bid.....!

In an auction , there is nothing without a bid, we can say bid and auctions are similar to each other bcoz without bid an Auction is impossible and vice versa. Bidding is the process from which an auctioned property goes through. A person who is attending an auction should know all the terms and conditions that an auction has.  Bid on any property smartly, win that and save that for a good reason. Attending your first auction can be really exciting, but it can also be overwhelming for many first-time bidders. After all, there’s a major difference between bidding on an item versus purchasing it directly. To ensure that your first auction experience is an enjoyable one, try these expert auction tips: 1. Be Diligent and Focused Auctions are pretty popular, and it’s not uncommon to find yourself competing with hundreds of other buyers for the same piece of property. The important thing to remember is not to let the other bidders distract you from your goals. Stay focused on th

Live property auctions in India

Are you thinking about buying or selling at a live auction ? This article is designed to provide you with the details on how a live auction works. Specifics may vary from auction to auction; however, the following information includes helpful and important guidelines from which everyone can benefit. The date, time and place of the very first auction is often disputed, but there is one thing we do know: auctions have been a part of civilizations for thousands of years. Auctions have been held in temples and monasteries, taverns and coffeehouses, barns and educational institutions. They have been used to sell animals, people, natural resources, homes, cars, debt, credit and many other items. In today's day and age, there are basically three types of auctions: Simulcast Auctions: Live bidders are physically present onsite at an auction compete against online bidders who have either placed proxy bids or are bidding live in real time. This is a common type of auction. Live Auctions: