Free Content From Our RFP Consultants
The Bid Lab is dedicated to empowering you through all aspects of the bidding process by providing comprehensive educational content pieces to answer your most pressing questions.
Wolfgang Puck calls a great chef “a mixture of artistry and craft.” The same can be said for managing a successful Request for Proposals (RFP) response. Just as a cook blends passion and flavors, a great RFP response needs many ingredients to create the perfect RFP recipe! At The Bid Lab, we’re cooking up choice…
An amazing RFP response can provide additional revenue streams for your business. Are you an expert in your field? Do you know your organization is ready to provide an expert-level product? If so, the world of Request for Proposals (RFPs) is a lucrative ecosystem you can’t afford to ignore. But in this bustling, competitive world…
With so many initialisms in the bidding process, it can be difficult to differentiate exactly the purpose of each proposal type. There are RFPs, IFBs, RFQs, RFIs and myriad other varieties of requests and invitations (here’s a glossary). Each path offers its own benefits and compliance issues, as well as drawbacks, depending on your organization’s…
A Scope of Work (SOW) is a fundamental piece of a Request for Proposal (RFP) and describes what the company is looking to achieve as a result of the RFP. The SOW helps ensure that the product or service meets the company’s needs and establishes the parameters of what could be included in the resulting…
You never get a second chance to make a first impression. The same is true when responding to Request for Proposal (RFP) opportunities. A successful RFP response establishes its tone immediately through a well-thought-out cover letter. RFP cover letters include an overview detailing why your organization is best suited to meet the issuer’s needs. An…
Anything can happen in a New York minute, including finding the perfect New York RFP opportunity to help your business reach new heights. Whether your organization is New York-based or simply determined to penetrate the world’s 12th largest economy, winning a bid proposal in New York is no easy feat. The competition in the City…
Finding the right Request for Proposal (RFP) can mark a major turning point for your business or organization. Billions of dollars in contracts are awarded each year through the RFP process, but in such a competitive landscape, it can be difficult to know where to begin one’s search. At The Bid Lab, we’re experts in identifying RFPs that strategically align with our clients’ business goals. If you are trying to find and source RFPs for your organization, here are several tips we’re happy to share.
The Request for Proposal (RFP) process – or how organizations source, evaluate, and acquire goods and services – used to be a pretty archaic ordeal. Think binders slowly making their way through the mail, typewriters bleeding ink, and warehouses full of questionnaires piled as high as the eye can see.
Your organization – private, public or nonprofit – needs to implement a project, such as building a new website, and you’ve been chosen to lead the process to find a vendor to do it. You’ve decided the best way to compare vendors is through the RFP process since there are many advantages to doing so.
