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The Benefits of Using a Bid Library

The Benefits of Using a Bid Library
02 November 2021
 

When it comes to planning for tender success, a well-maintained Bid Library is an essential tool for any successful Bid Manager or Bid Team.

Consider the amount of time you spend trying to find that Environmental Policy or Health & Safety Statement, for example. How much time do you waste ensuring they’re updated and accurate, how much time do you waste sending emails back and forth trying to extract relevant information from your colleagues?

 

What is a Bid Hub?

 

A Bid Library, or Bid Hub, contains your business’ accurate information that can be reused and can be pulled together to use in a first draft response. It can be a collection of folders and subfolders on a network drive or be something as sophisticated as records stored in a proposal automation toothat are assigned owners and workflows.

It should be a library of all the information relating to an organisation – from certificates of incorporation, tax clearance certificates, financial statements, vision and mission statements to product and solution details – that can be tagged and easily sourced and re-used and saved in one simple secure storage space.

To get started on planning your Bid Library, Orbidal has prepared a checklist to get you started.

 

DOWNLOAD YOUR FREE E-BOOK

 

Are you Making Use of Public Tenders?

 

The public sector is the biggest B2B channel in the UK and its contribution to the FM market of £48 billion is higher in the UK than in any other region in Europe. Therefore, taking part in public tenders should be a key consideration for any business that is serious about sustainable growth.

In 2020, over 2,500 facilities management tenders were published in the UK, worth billions of pounds.

Learn how FM companies can turn tendering into a primary channel for sustainable growth.

You will learn how to implement strategies that can increase your scores and your revenue predictability for each tender, as well as how to save up to 40 per cent of your time when compiling a proposal, resulting in a 25 per cent reduction in your cost of sale.

Picture: a graphic showing a laptop with a library of books coming out of the screen, with three people standing on the laptop keyboard. Two are reading books that they are holding, and one is browsing the library of books.

Article written by Tony Corrigan | Published 02 November 2021

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