Have you ever been excited to receive an invitation to a much-anticipated party? Well, in our own industry, we have a different type of invitation that excites us — an ITB! To give you a little context, an Invitation to Bid (ITB) or Invitation for Bid (IFB) is a call for contractors to submit a…
Whether it’s your first time developing an RFP or your 50th, the potential for building a new client relationship is always exciting. RFPs are an excellent opportunity for expansion and growth by opening up new doors for your organization. You may be strengthening your ties with an existing client or hoping to capture the attention of…
Perhaps you’ve heard the term in passing. Or, maybe you’ve read the acronym “RFP” and wondered what it meant (psst– it means “Request for Proposal”). But whether you work for a large corporation or your own small business, knowing how to market goods and services is vital. So, learning the ins and outs of the…
During the Covid pandemic, very few aspects of our personal and professional lives have gone unaffected. Social distancing, remote work and economic changes are yielding new developments in how we work and conduct business. With all of these changes, you may find it challenging to manage an RFP response on your own. Writing an RFP doesn’t…
“The best marketing doesn’t feel like marketing.” — Tom Fishburne, Founder & CEO, Marketoonist Not only is marketing an effective way to engage customers, but it also helps to build a company’s reputation. Additionally, it develops a relationship between customers and the business and boosts sales. But many people don’t know you can develop a…
The COVID-19 pandemic and its far-reaching effects have brought uncertainty for all. This is especially true for those working in the marketing and business worlds. Circumstances are changing daily while we strive to achieve a new normal. While the pandemic has brought about a myriad of challenges, our world has gone digital at an impressive…
In today’s fast-moving business world, corporate and governmental procurement departments use the Request for Proposals (RFP) process to meet legal and litigation goals. RFPs seeking legal services can be an excellent starting point to increase your firm’s business. First, you must know who might issue an RFP for legal assistance and why. Below is a…
Finding the right vendor is never easy. When your business issues a Request for Proposals (RFP), it is forming the foundation for a relationship that may last years. It’s critical to get this decision right, so having a proper RFP evaluation process is key. At The Bid Lab, we help clients on both sides of…
As the world continues to overcome COVID-19, state governments are adapting their contracting practices in subtle but important ways. Fortunately, state-issued Requests for Proposals (RFP) and other bidding opportunities are continuing. These government contracts represent a valuable opportunity, especially given the high level of uncertainty in private-sector procurement. To maintain your business’s growth potential in…
New Jersey businesses of all types can expand their revenue significantly by maximizing their ability to compete and win new New Jersey RFPs, bids and procurement contracts. Whether you’re an established firm or an ambitious new enterprise looking to make your mark, there are millions of dollars in new business available in the diverse ecosystem…
