FEATURE FOCUS
Staying ahead of the competition in bidding is crucial for success. That’s why we are excited to introduce a powerful new feature in Bidhive to track and analyse competitors on every bid, uncovering valuable insights to enhance your bidding strategy and improve your chances of winning.
Track Challengers and Incumbents
Tracking competitors allows you to monitor both the challengers and the incumbents you bid against at a company and business line level. By identifying who your main competitors are, you gain valuable knowledge about their strengths, weaknesses, and bidding history. This information will help you to refine your own approach and develop strategies to differentiate.
Know Who Won or Lost
Tracking competitors also provides you with valuable insights into bid outcomes. You can now easily track who won or lost specific contracts, giving you a clearer understanding of your competitors’ success rates, and their likely workload capacity in the market. Armed with this knowledge, you can make data-driven decisions and adjust your bidding strategy accordingly.
Enhance Your Bidding Strategy
We’ve incorporated competitors into the steps you’re already familiar with in Bidhive. This means you can conveniently access competitor information and insights at the stages where it matters most. By leveraging this feature, you can fine-tune your proposals, identify gaps in the market, and position yourself as the strongest contender.
Gain a Competitive Edge
Bidhive’s competitor feature helps you stay one step ahead of your rivals. By monitoring and analysing your competitors, and combining this with our Post-Bid Analysis that captures customer feedback, you can identify emerging trends, spot potential opportunities, and mitigate risks. This knowledge gives you a competitive edge, allowing you to craft winning bids that resonate with customers.
We think this is a huge leap forward for bidding teams that haven’t had their own digital tools for bid management until now. By harnessing the power of insights and data, you can elevate your bidding strategy and increase your chances of securing contracts.
