If you’re in the construction industry, then you know that bidding for new projects is a necessary part of doing business. One effective way to grow your business is through winning tenders.
Tenders are invitations for bids from companies and organisations that require the goods, services or work of another company in order to complete a project. If you want to make sure that your company stands out as the most suitable for a job, you need to make sure you’ve got what it takes to submit a high-quality proposal.
But did you know that there are certain tools that can help you manage your proposals, win bids and, ultimately, land more projects? One such proven tool is Tracker Intelligence.
In this blog post, we will discuss what construction tenders are and, even further, how you can make sure that your business is equipped to win them!
What are Construction Tenders?
A tender is when a company or organisation issues an invitation for bids to complete a project. The most qualified company is the one that wins the tender, so it’s important to make sure that your business stands out among other bidders.
While there are different types of tenders, they typically fall into two categories: open tenders and closed (or restricted) tenders. Closed tenders can only be accessed by registered companies who meet specific criteria set by the organiser; while open tenders can be signed up for by any bidder regardless of their experience or qualifications.
Construction tenders are typically issued for large scale projects and are open to any company that can fulfill the request. These tenders give companies a chance to bid on a variety of projects, such as a new school building or an apartment complex.
In order to win these bids, you will need to make sure that your business is prepared, equipped and ready, by using tools like Tracker Intelligence.
Tips for Winning Construction Tenders
So what are some ways that you can ensure that your business wins more construction tenders? Here are a few tips:
- Always make sure that you submit the best bid possible for your company. This means having complete information about all aspects of the project, including material costs and labour rates. It’s also helpful to stay up-to-date on prices and trends in the industry.
- Make sure that your proposal looks professional. This means that all of your documents should be updated with accurate information and include images, diagrams or graphs that cover your past work and current capabilities. The key is not just looking good, but also providing as much relevant detail as possible, all while still being simple and concise enough to maintain the attention of the reader.
- Get feedback from previous clients on your company’s performance, so that it’s easy to demonstrate your expertise in the industry when bidding for new projects.
- Finally, use tools like Tracker Intelligence, which can simplify your bid management so you can spend less time worrying about paperwork and more time focusing on winning bids. The platform provides real-time updates on new project opportunities and gives users online training and assistance in order to use their programme. With Tracker’s Commercial Projects add-on tool designed specifically for construction companies, you will easily find your place within the supply chain.
Summary:
To win construction tenders, it is important to make sure that your business is always able to submit an effective proposal that stands out among that of other bidders.
There are several ways to ensure that you can win construction tenders, including submitting a sound bid, making sure your proposal looks professional, and using tools like Tracker Intelligence to improve your productivity, insights and chances.
Follow these tips to win more construction tenders and grow your business!
Ingrid Maldine is a business writer, editor and management consultant with extensive experience writing and consulting for both start-ups and long established companies. She has ten years management and leadership experience gained at BSkyB in London and Viva Travel Guides in Quito, Ecuador, giving her a depth of insight into innovation in international business. With an MBA from the University of Hull and many years of experience running her own business consultancy, Ingrid’s background allows her to connect with a diverse range of clients, including cutting edge technology and web-based start-ups but also multinationals in need of assistance. Ingrid has played a defining role in shaping organizational strategy for a wide range of different organizations, including for-profit, NGOs and charities. Ingrid has also served on the Board of Directors for the South American Explorers Club in Quito, Ecuador.
