What Are the Key Factors to Consider before Applying for a Tender?
- Analyse the tender request: You need to read through the tender request carefully and consider the following - What are the key points of the tender request? How is the tender response going to be evaluated? What are the important dates and deadlines? What are the mandatory details for submission?
- Determine the ability of your business: Can your business deliver on this tender request without upsetting the ongoing business activities? Is this a good strategic move? Do you have any historical data or a track record to support the promise of successful delivery of goods and services required by the tender?
- Get all project contributors involved: All suppliers and vendors that will be involved in the fulfilment process of the tender should be involved right from the planning stage to ensure that your quote and timelines are realistic and achievable.
- Research your buyer: Do your homework. Find out as much as you can about the buyer that has put out the tender notice. Look up policy documents and visit relevant websites to know the specifications of the tender. Are there any specific requests or concerns that you need to make note of?