Tender Writing - What are the Benefits of Tendering?

Tender writing is the most common way for the companies to procure goods and services and award contracts. Companies will also use the tendering process to get a lower price and to keep current suppliers motivated.

Benefits of tendering

Some of the key benefits of the tender writing process are:

No favouritism: Tender responses are evaluated on certain criteria, which may include price, value for money and quality. As most tender applications are opened and then evaluated in a public process, there remains very little room for favouritism.

Value for Money: Tender writing allows you to have a critical and honest look at your business to provide the tendering company the best value for money. The tendering company can select from a wide range of potential suppliers to find the one who can produce the best quality product or service for the lowest price.

Encourages Competition: The process of tendering helps stimulate a competitive market. This then allows you to get to know your competitors strengths and weaknesses while showing you what you need to do to improve your chances and to improve quality and lower expenses. Competition also encourages innovation and new ideas.

Easier Entry: The tendering process is an easier and simpler way for new firms and businesses to establish themselves in the market or in a particular industry. Contracts awarded through tenders are chosen on the basis of a selection criteria which is predetermined. This allows a firm that is new to the market, equal chance of winning a lucrative and prestigious contract.

Commitment: By investing the time, effort and valuable resources necessary into your tender writing to respond to a tender, you are demonstrating your commitment to the tendering company. Quality tender writing and producing a tender proposal of an extremely high standard that has every requirement addressed, evidences your attention to detail and willingness to go above and beyond which a tendering company will find desirable.

You need to think long and hard before diving into the tender writing and tendering process. Although there are definite advantages to tendering, there are also disadvantages. You will need to make important decisions when looking at the supply of goods or services to an organisation. A key considerations is of tendering is appropriate for your business at this point in time. If it is appropriate for your business to tender now, then do not underestimate the amount of time, resource, and industry knowledge it will take to produce a contract winning tender proposal. Once you have established yourself within the tender writing process, it will pave the way for a successful business.

You can always consider enlisting the talents of a professional tender writer. An experienced tender writer is a worthwhile investment as you are free to deal with the day to day tasks within your business while the tender writer gets to work. Red Tape Busters has a friendly and hard-working team of tender writers ready to help you win that contract. Tender writer Melbourne, tender writer Brisbane, tender writer Sydney and everywhere in between, Red Tape Busters are waiting for you.

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