Month: July 2023

The dangers of bidding for everything: Risks to businesses and customers

Bidding for every opportunity without careful consideration can lead to significant risks for businesses. Diluting expertise, inadequate preparation, financial strain, reputation damage, and customer dissatisfaction are potential consequences. Learn from real-world examples like CGI Federal, IBM Australia, and G4S to understand the pitfalls of bidding without proper resources and expertise. Discover best practices to make informed “no bid” decisions and protect your business’s reputation.

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How to Avoid Losing a Bid: 8 Common Mistakes to Avoid

Bidding for contracts can be a daunting task, but it doesn’t have to be. In this blog post, we uncover the common mistakes businesses make during the bidding process and provide practical tips to help you avoid them. From becoming too company-centric to failing to answer the customer’s question, we address key pitfalls and share strategies to ensure your bids stand out from the competition. Discover the importance of understanding your competitors, preparing backup plans, and crafting concise yet impactful responses. By implementing these insights and continuously improving your bid process, you can increase your win rate and secure profitable contracts.

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Post-bid Analysis

Bidhive’s post-bid analysis tool enables organisations to analyse patterns, understand competitors, evaluate strengths, and leverage differentiators. Embrace this essential part of the continuous improvement cycle to fuel growth and increase bid success rates.

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The Business Case for Bid Management Software

Crafting a compelling business case for bid management software implementation is crucial for driving your organisation’s digital bid transformation. Explore the key considerations, pain points, and growth opportunities that bid managers can leverage to demonstrate the value and benefits of adopting bid management software. From addressing inefficiencies to showcasing competitive advantages, learn how to unlock growth and profitability through streamlined bidding processes.

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