advantages of tendering Archives - Tender Consultants https://www.tenderconsultants.co.uk/tag/advantages-of-tendering/ Bid Writing and Tender proposal experts Wed, 20 Sep 2023 10:01:29 +0000 en-GB hourly 1 https://wordpress.org/?v=6.5.5 https://www.tenderconsultants.co.uk/wp-content/uploads/2023/11/hudson-favicon-150x150.png advantages of tendering Archives - Tender Consultants https://www.tenderconsultants.co.uk/tag/advantages-of-tendering/ 32 32 Tender VLE: Our Virtual Bid Learning Environment https://www.tenderconsultants.co.uk/tender-vle/ Mon, 05 Jun 2023 13:41:33 +0000 https://www.tenderconsultants.co.uk/?p=22674 Tender VLE It’s simple — to win contracts, you must have the necessary skills of...

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Tender VLE

It’s simple — to win contracts, you must have the necessary skills of a bid writer. Mastering the art of writing tender responses comes from strong written communication skills and experience. At Hudson, our bid writers are professionals and they have built up their skills over time. But if you are a start-up or an SME, you may have never bid before.

This is where Tender VLE comes in!

 

What is Tender VLE?

Tender VLE is the UK’s first virtual learning environment dedicated to bid writing. With five experience levels to choose from, you can take our free and paid tender courses so you can become an expert!

We will help you grow your tendering knowledge in an easy-to-follow dynamic of videos and worksheets, alongside being supported by our experts.

Good news! Our training is suitable for a variety of learners including businesses, freelancers, and aspiring Bid Writers.

 

When is Tender VLE live?

Our platform is almost ready to go live. After perfecting our development stages, we are making some final tweaks to our learning environment so it is the best platform for our clients. Please bear with us and keep an eye out for when our site goes live!

Sign up to be notified when we go live!

 

What Can I Expect from Tender VLE?

There is something for everyone!

From our free beginners’ courses to our expert courses, we cater to all tendering experience levels. Whether you want to kick-start your career as a bid writer, develop your skills as a freelancer or polish up on some areas missing in your expert bid knowledge, Tender VLE can help.

We will cover everything!

Our experts have been meticulous in their research for what to include on our learning platform. In short, we will cover all stages of the tendering process (PQQs, ITTs etc), break down questions, tender planning, management, writing skills, proofing, and branding your response.

 

How Can Tender VLE Benefit My Business?

This is the most important question — with Tender VLE you will gain the experience to help you win contracts!

Our remote learning experience is designed to suit your needs, wherever you are. This will be your learning journey, which means that you can also tailor your experience to suit your lifestyle. You won’t need to take the focus off running your business – learn as much as you need!

 

Why Tender for Work?

  • Guaranteed pay – the suppliers are guaranteed payment when they win a contract.
  • Goals to spend with SMEs – The UK government aims to spend £1 in £3 with SMEs.
  • Gain experience – Securing contracts means you gain experience to use for case studies to help you secure further contracts.
  • Make contacts – Securing contracts means you can increase your contacts and build relationships. This may lead to further work in the future.
  • Sustainability – Some contracts last for several years so they are a great way of sustaining your business.

 

How we can help!

Tender Writing

Once you’ve found the perfect bid for your business, send it our way. Our Bid Writers can take care of the whole thing for you they’ll even submit it on your behalf. They’ll let you know what they need from you, providing you with a full Tender Writing breakdown.

Tender Ready

Our Tender Ready 4-week programme is perfect for businesses that have never tendered before. A Bid Writer will work with you to ensure you have everything in place to tender successfully. Tender Ready offers your business:

  • A 12-month subscription to one Hudson Discover
  • Access to Global Bid Directors and Senior Bidding Professionals.
  • An Organisation-wide Bid library, including 3 case studies, 5 CVs and policies.
  • Additional flexible benefits. 

Tender Improvement

If you’ve been tendering but aren’t seeing success from your current efforts, our Tender Improvement package can help. Our Bid Team will assess your previous responses and tender documents. They will work with you to improve for future submissions. This package includes a 12-month subscription to a Hudson Discover portal and additional tendering development services. 

Tender Mentor

If you’ve written your tender response and need it double-checked for errors, Tender Mentor can help. A Bid Writer will proofread your work for any inconsistencies, grammar, or spelling mistakes. They will also ensure it’s in line with the specification before you submit it. This is a great way of improving your skills and understanding of how to polish your tender.

 

Contact us:

Contact us to find out how we can help your business SUCCEED!

 

Additional support:

Do you only require assistance with PQQs or SQs? We can help!

Submit the relevant information regarding the work you need, and we will provide a quote for the work agreed upon.

We provide support at all levels of the bid writing process, so if you simply need it proofread before you submit it, we can also help with that!

  

Our other divisions:

Vocal

Wanting to impress a buyer? Our creative content agency Vocal is always on hand to help!

Our Vocal team are never afraid to be heard – we’re a loud bunch!

From micro-businesses to large organisations, we provide ways to make your business stand out from the crowd. We can transform your bid into a professionally designed tender document!

Vocal specialises in:

Alpha

Our online virtual learning environment for Education, Enterprise and Home Learners is currently being used to power our platforms – Tender VLE and Procure VLE (Coming soon).

We believe in learning at your own pace, wherever you are!

 

Find more helpful tips and advice in our blogs. We cover topics including:

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Calling All SMEs! 3 Benefits of Tendering You NEED to Know https://www.tenderconsultants.co.uk/benefits-of-tendering/ Wed, 18 May 2022 06:00:47 +0000 https://tenderconsult.wpengine.com/?p=22285 3 benefits of tendering for work in the public sector You might be hesitant to...

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3 benefits of tendering for work in the public sector

You might be hesitant to start bidding for contracts, but do you know all the benefits of tendering? In this blog, we’ll go through the advantages of tendering for work for SMEs in the public sector. Read on to find out more!

  1. Suppliers are guaranteed payment

One of the most attractive benefits of tendering is that, in the public sector, suppliers are guaranteed payment. This is because public sector buyers are bound by their contractual agreements to pay suppliers on time. In fact, the Crown Commercial Service (CCS) must pay contractors within 60-days of invoicing to comply with the Prompt Payment Code (2008).

However, this isn’t always the case for buyers in the private sector. These buyers aren’t bound by the same agreements as buyers in the public sector.

  1. The government wants to award SMEs

Many SMEs are under the impression that they can’t compete with big businesses when tendering for contracts. However, this isn’t the case. In fact, the UK government has a target to spend at least £1 in every £3 with SMEs.

  1. Gain experience

Another of the main benefits of tendering is that it gives businesses a chance to gain experience. The more experience you have, the more contracts you can bid for and win. The more contracts you win, the larger your business will grow.

This is particularly good news for SMEs that are struggling to present relevant case studies in their tender responses. Many businesses will tender for contracts as part of framework agreements or Dynamic Purchasing Systems (DPS’) to get started. These types of contracts are great for businesses with limited experience. After completing these projects, you can work towards the financial thresholds needed to be a sole supplier.

In conclusion

There are many benefits of tendering for contracts, particularly for SMEs in the public sector.

In the public sector, suppliers are guaranteed payment from buyers. This isn’t the case in the private sector, as buyers aren’t bound by the same regulations. Also, the UK government actually wants to spend with SMEs. In fact, they have a target to spend at least £1 in every £3 with smaller businesses.

Finally, tendering for work is a great way for start-ups and SMEs to gain experience. After gaining this experience, your business can progress to winning larger contracts.

How Hudson Succeed can help 

So, now you know the benefits of tendering. But what’s next for your business?

Enter Hudson Succeed!

We have over 60 years of bid writing experience and an 87% success rate. Whether you’re completely new to tendering or aren’t seeing results – we can help. There are four bid writing packages available:

  • Tender Writing

Once you’ve found a tender you’d like to go for, send it over to us. One of our Bid Writers will write the tender response for you. We’ll provide a full Tender Writing breakdown and even submit it on your behalf.

  • Tender Mentor 

Tender Mentor can give your tender response a once over before you submit. Our Bid Writing Team will analyse your response, notifying you of any errors and opportunities for improvements prior to submission.

  • Tender Ready

During the Tender Ready service, our team will create professional policies, procedures, and case studies in your company branding. If you already have this content, we will review everything carefully to ensure that nothing is missed. Once the programme is complete, you’ll have access to three days’ worth of bid consultancy. This can be used for bid writing, tender reviews, or general advice and guidance.

  • Tender Improvement

The Tender Improvement package can help those who have tendered before but aren’t seeing results. Our Bid Writers will assess your previous responses and work with you to develop improved content.

Get in touch to find out how we can help your business grow.

Need help with searching for tenders?

Now you know the benefits of tendering, you might be curious about finding tenders for your business.

There’s no shortage of websites offering multi-sector tendering opportunities and leads.

Ideally, you should be searching for a sector-specific site that posts all unique, public and private sector opportunities.

Our sister company, Hudson Discover, has 11 sector-specific tendering portals.  One centralised and easy-to-navigate portal can help you save time, streamlining the process.

Once signed up, you’ll have access to your own dedicated Account Manager. They’ll be able to answer any questions you may have about public sector contracts. You’ll also get an email alert when new and relevant tenders are uploaded to your sector.

A subscription to one of our industry-specific portals will include:  

  • Unlimited portal access. You can browse your industry’s portal to your heart’s content. See all the opportunities that are available, intuitively categorised, and easily accessible.
  • A daily email bulletin. When you sign up to a portal, you’ll receive an email alert when new tenders are uploaded.
  • A dedicated Account Manager. They’ll handle any questions or queries you may have about the portal.
  • A free 20-minute phone consultation with a Bid Writer. Our expert bid consultants will chat with you about anything tender related.

What opportunities can I expect from a tender search on a Hudson Discover portal?

Hudson Discover hosts all kinds of tenders in both the public and private sectors. These are inclusive of, but aren’t limited to:

Discover Elite

If you want to streamline the process even further, you can sign up to Discover Elite via your chosen portal. With this service, a dedicated Account Manager will find live bids on your behalf. They’ll speak with you weekly to discuss opportunities that may interest you. This is especially helpful for those with little time to spare due to busy schedules.

Vocal

Our support doesn’t end there! Our creative content agency, Vocal, are on hand to help.

The Vocal Team are not afraid to stand up and be heard. And we make sure our clients aren’t either! From small, micro businesses to large organisations, we are vocal about the things that make your business unique.

Our creative service is dedicated to growing your business through striking and thought-provoking content. We’ll take your bid and give it a complete makeover. With professionally designed tender documents, you’re sure to make an impression on the buyer!

Our team specialise in six areas, including:

If you’d like to know more about what we can do for your business, introduce yourself to the team!

Contact us to find out more!

Find more helpful tips and advice in our blogs. We cover topics including:   

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The Advantages of Tendering – should your business be bidding for work (right now)? https://www.tenderconsultants.co.uk/advantages-of-tendering/ Fri, 10 Jul 2020 08:00:35 +0000 https://tenderconsult.wpengine.com/?p=17928 The Advantages of Tendering Last updated: The advantages of tendering are obvious to those who...

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The Advantages of Tendering

Last updated: Dec 17, 2021 @ 10:56 am

The advantages of tendering are obvious to those who have been there before. If you haven’t, and you’re just starting now, we know that the tendering process can seem daunting. This is especially the case for SMEs, as it can sometimes feel as though buyers want ‘big business’ suppliers. However, it is important to remember the advantages you have over larger businesses with bigger overheads.

At the time of writing this blog, it would seem that the UK is beginning to find its feet again as we emerge from the Covid-19 pandemic. Businesses are re-opening and companies are inviting their employees back into the office. This is great news for most small businesses who have struggled through the weeks of lockdown. It is now, arguably, more vital than ever to secure a pipeline of work.

Securing a pipeline  

It might surprise you to hear that over the course of lockdown, we have continued to support a steady stream of businesses with their tendering efforts. In many sectors, buyers continued to publish calls for work and invite potential suppliers to tender. However, this wasn’t the case for all industries. As we’re all aware, the events industry and the hospitality and tourism sectors struggled through this difficult time.

There is good news, however. As part of the Hudson Group, we support businesses in both of the aforementioned industries (as well as 11 other sectors). Throughout this challenging time, our team has continued to rigorously search for new contract opportunities to help these industries thrive when they return to work. On both our Creative Tenders and Hospitality Tenders portals, we have continued to source work for:

  • Catering;
  • Events management;
  • Videography;
  • Venue hire;
  • Catering equipment;
  • School meals, and many more.

“The procurement industry hasn’t come to a standstill” – Head of Bid Management, Daniel Hall.

On a daily basis, buyers are still looking for suppliers to support their businesses and vice versa. With this in mind, we can’t stress enough the importance of assessing your pipeline of work.

If your business operates in a sector which has struggled to find immediate work over the past few months, build your pipeline. As the UK gets back on track, it is vital that you have work lined up that keeps your business growing and your employees in a secure job.

If you’re fortunate enough to work in an industry with in-demand services due to the current climate, there are plenty of reactive contracts for you. For example, we have seen businesses thrive in industries such as;

  • Healthcare;
  • Medical supplies;
  • PPE;
  • Software;
  • Internet services, and many more.

We source new opportunities for these services daily via our Healthcare Tenders and Technology Tenders portals.

So, what are the advantages of tendering for work?  

Now that we have established where to find contract opportunities, let’s look at a few advantages of tendering for contracts.

Understandably, many SMEs don’t know how to tender for work. If we’re honest, the process can seem complex on the surface. We know that tendering for contracts is a full-time job because it’s what we do.

With that being said, thousands of businesses tender for work. It’s part of their business development strategy. There must be a reason for this – let’s explore it.

1. Guaranteed pay (public sector)

One of the biggest advantages of tendering for work is the guaranteed payment. In the public sector, suppliers benefit from guaranteed pay upon winning a contract. This is obviously a sizeable advantage to tendering for work. Unlike private buyers, public organisations are bound by their contractual agreements to pay the awarded supplier.

Going one step further, the Crown Commercial Service (CCS) must pay contractors within 60-days of invoicing to comply with the Prompt Payment Code (2008). This gives suppliers peace of mind, especially for first-time winners.

The Crown Commercial Service (CCS) has released information on new measures to improve the enforcement of the Prompt Payment Code (2008) in 2019.

What changed?

In essence, the aim of the Prompt Payment Code remained the same as always. Companies must pay their suppliers and contractors fairly, within 60-days of invoicing. Or they must pay within the bounds of the stated terms of the contract between them. However, as of September 2019, companies tendering to be part of a CCS Framework are required to answer questions pertaining to such things as:

  • Payment practices;
  • Payment processes;
  • Supply chain management;
  • Payment tracking systems;
  • Existing payment performance.

Companies now need to be able to provide evidence that they have effective systems in place. This is to ensure a fair and responsible approach to the remuneration of their supply chain. Companies that are unable to provide evidence that they meet these requirements will most likely be excluded.

What prompted this change?

This announcement was prompted by a growing awareness of persistently poor supply chain management. In April 2019, five major contractors were removed from the Code for failing to pay suppliers on time. A further 12 companies were suspended for the same issue, but have consequently submitted satisfactory proposed changes to meet the Code. If the contractors can evidence that they are meeting this commitment, they will be reinstated as a supplier to CCS.

Who did this affect?

The official CCS announcement clarified that this was aimed at business who were, or intended to be, Suppliers to CCS. This meant they would have been bidding for central government opportunities greater than £5m per annum from 1st September onwards. However, any business (including SMEs) should still take note that responsible supply chain management is a key concern for central government procurement. Being able to evidence that you are compliant with this will stand you in good stead when tendering for CCS tenders of any size.

What actions should you take?

If your company is affected by the tightening of the Prompt Payment Code regulations, there are several things you need to consider:

  • Consider your current position.

Do you meet the criteria set out in the Procurement Policy Note (PPN), published in November 2018?

In most cases, you should simply be able to submit a copy of this report alongside your tender submission. All of the information contained therein will fulfil the requirements of the tender.

  • Do you meet the criteria set out in the PPN but haven’t already submitted a report of your payment data?

You will be required to fill out this new section when completing central government tenders. Take the time to review the questions outlined in this section carefully to ensure that you will be able to answer all of them fully (they are pass/fail questions) and that you can meet the evidence requirements outlined in Table 2, which include:

    • A copy of your standard payment terms for all of your supply chain contracts.
    • Details of the systems which are in place to ensure that suppliers are paid promptly.
    • A copy of your procedures for resolving disputed invoices promptly and effectively.
    • Details of any payments of interest for late payments you have paid in the past 12 months or which became due during the past 12 months and remain payable (contractually or under late payment legislation) and, if any such payment has been made (or arose), an explanation as to why this occurred and an outline of what remedial steps have been taken to ensure this does not occur again.
    • Details of any code or standard on payment practices to which you are a signatory.
    • If you are a signatory to a code or standard on prompt payment, details of what steps you have taken to ensure that you meet the requirements of the code or standard.
    • A copy of your standard payment terms used with sub-contractors on public sector contracts subject to PCR 2015
  • You will also need to provide the percentages of invoices paid by your company to those in your supply chain on all contracts within 60-days of receipt of the invoice in each of the two most recent 6-month periods. You will need to provide the percentage of invoices paid within each of the following categories (including the total volume of invoices paid in each category):
    • within 30 days;
    • in 31 to 60 days;
    • in 61 days or more.

How is this information assessed? 

As stated above, the questions are pass/fail and the evidence to be provided is compulsory. You must demonstrate that 95% of invoices payable to your supply chain have been paid within 60 days of receipt of invoice. If not, you will be required to provide an explanation. You will also be required to demonstrate that you have either taken or are planning to take, suitable remedial steps to rectify this. This whole section on prompt payment is entirely pass or fail. You will need to be confident that you have the evidence to back up your answers. Without it, you will most likely be excluded from the tendering process.

2. The government wants to award SMEs

If you’re an SME under the assumption that only ‘big businesses’ stand a chance of winning a contract, consider the government’s target.

The UK government has a target to see at least £1 in £3 being spent with SMEs. This means that public sector businesses have a goal to actively award contracts to smaller businesses.

3. Gain experience

In order to progress and win larger contracts, you must present relevant case studies and demonstrable experience. Tendering for contracts as part of framework agreements or dynamic purchasing systems (DPS) is an effective way of building this experience. We often advise first-time tenderers to begin with these types of contracts.

For example, in the care sector, spot provider frameworks can be a great stepping stone for new businesses.

You can find spot provider frameworks on our dedicated Healthcare Tenders portal.

4. Make contacts

Continuing from the previous point, in order to gain experience and provide case studies, you need to make contacts. Building relationships will help you to work with more buyers and, in turn, gain valuable experience.

When tendering in the future, you will be able to demonstrate works that you have previously completed and impress buyers with your previous contract examples.

As every business owner knows, without contacts you are in danger of your business plateauing. To grow and expand your horizons, you will more than likely need to build a base of contacts who can provide opportunities for inter-trading and collaborations.

5. Sustainability

One of the many advantages of tendering is that you can secure long-term contracts. Winning a place on a long-term contract or framework agreement can have a significant impact on the sustainability of your business. This is one of the other main advantages of tendering. We have helped clients to secure upwards of four years of income, from one win. To any business owner, this is an attractive prospect.

Find more information and results shared by our previous clients on our testimonials page.

6. Take control of your delivery  

Winning the contracts you want to deliver is one of the biggest advantages of tendering for work. We’re not suggesting that you will simply have your pick and win all the contracts you tender for. However, by choosing the contracts you wish to bid for, you are effectively filtering your opportunities from the beginning.

With this in mind, it is important to note that there are a few things you should consider before choosing the contracts to bid for. We advise that you complete the following checklist before commencing any work on your tender responses.

  1. Can you deliver the contract if you win?

This might sound obvious, but you’d be surprised at the number of businesses who don’t consider their own resources prior to bidding. Of course, in most cases, the buyer will be able to assess your capabilities based on the company information you provide. Therefore, it is unlikely that you would be awarded a contract that you can’t deliver. However, you don’t want to waste time, resources and money crafting an intricate tender response only to be eliminated from the process based on capability.

  1. Have you checked the financial thresholds?

In order to ensure that the awarded supplier can deliver the work, buyers will often set a minimum financial threshold. This is often reported in the earlier stages of the tendering process to ensure that the potential suppliers meet the requirements before they proceed any further.

If the financial threshold isn’t outlined, there is another way of determining whether you will meet the requirements.

As a general rule of thumb, you should not bid for projects with a budget that is greater than half of your annual turnover. For example, if the buyer states that the contract budget is £150k, your business should turn over more than £300k.

  1. Do you have experience and evidence you can provide?

In the majority of cases, buyers will ask to see at least three relevant case studies as part of your tender response. It is crucial that you have these case studies developed, branded and ready to go. This will not only save time during the process, but it will also allow you to assess whether or not the contract is right for you.

It is also worth noting, that in the public sector, it is common for buyers to ask to see three years of accounts. The accounts will likely need to display the company name that you are currently trading under.

  1. Is the contract profitable?

It can be easy to get enthusiastic when you see a contract that you are eligible for. However, before laying the groundwork of your bid, it is crucial that you consider your profit. While the contract budget might sound appealing, assess the cost of your delivery and the resources the contract will require before moving forward.

Further support

In this blog, we have addressed a few of the main advantages of tendering for work. However, if you require further support with bidding for contracts or responding to a specific tender, please feel free to get in touch. Our team of expert Bid Writers will be happy to provide a free consultation. During the consultation, our team will assess the needs of your business and connect you with the best service to help your business.

Learn more about the services we provide.

Find more helpful tips and advice in our blogs. We cover topics including:

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