Shedding Light To The Grey Area Between Bid And Tenders

"$5,000! $5100! $5200! $5300! Sold to number 10, the woman wearing a black dress and a red hat."

 

This is how the movies usually portray a bid. Everyone is competing over one valuable thing. Each bidder proposes a value and is countered by another competitor in hopes of getting that bid item. People who usually attend bids often hear tendering along with it so as time went by, these two terms have been used interchangeably. Now, there is the grey area existing between bids and tenders. The question is, do they really mean the same thing?

According to experts, a bid is the presentation of how much an organization is willing to charge for a certain project to be accomplished. The tender is much more complex. Tenders are more of the documents that will show how the project will be executed depending on the project specifications provided by the clients. In all circumstances, it should have the following sections; introduction, project background, legal issues, maintaining issues, supplier response required, timetable for choosing a supplier, and the requirement. 

They are the same in the manner that they work hand in hand to persuade the client that the project bid will be performed in a way that will fit their preferences. If you look at it closely, the tender document is used to support the bid. In most cases, the least expensive offer presented by a tender or the top bid presented by a bidder wins the bidding process. 

However, experts advised that it is not only the price that determines the success of a bid. It is also largely dependent on the bidder's credibility by supplying valid supporting documents. It is dependent on the quantity of declared and evaluated ability and credibility, hence it is important that you give much effort and knowledge on the bid, as well as the tender documents that you will present.

Good thing there are bid and tender writing services from Executive Compass who are willing to lend a hand over this challenging venture. No matter if you are a big-time company or a small company bidding for the first time, they can help you with such task. With them, you are assured of a cost-effective, efficient, professional, and quality assured services. 

Because a bid and tender often is preceded by a PQQ or a pre-qualification questionnaire, it is important that you get experts to do this also. The Executive Compass also has a reputation for creating quality and effective PQQs. So with them, you are assured of any project you bid. 

What makes them effective is not just their professional bid and tender writers but also their full-time writers which you can be guaranteed of their time and dedication to fully polish your tenders. Because of their efficiency and quality in this field, they have become a member of the Association of Proposal Management Professionals for many years now. And is a corporate member at that.