3 Benefits of Bid Management Companies You NEED to Know
Published 13/07/2022
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Why should you work with bid management companies? Simply put, bid management companies are organisations that offer support with the tendering process. This could be anything from writing tender responses to managing the bid writing process for clients. In this blog, we’ll tell you everything you need to know about bid management companies. Keep reading to find out more!
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Why is bid management important?  


Bid management is important to ensure the tendering process runs smoothly. After all, the process can be time-consuming and complex, with different stages and tasks to complete. Without the necessary bid management skills, many businesses will find the process overwhelming. As a result, key details could be missed, making it harder for organisations to win tenders.


If you think you need extra support, bid management companies, like Hudson Succeed, are there to offer support.


Why should you work with a bid management company?


Before you outsource your bid management, you need to make sure it’s the right option for you. So, let’s look at the benefits of working with bid management companies:


Produce a winning tender response

It goes without saying – to win contracts, you need to produce a winning tender response. However, not everyone has the time, resources or skill set to do this in-house.

That’s where bid management companies come in!


Generally, they’ll have years of experience under their belts. They’ll know how to approach the questions and your tender response in the best possible way. So, when you work with a bid management company, your chances of success will improve.


Manage the tendering process 

As we’ve already established, the tendering process can be complex and overwhelming for inexperienced suppliers. So, it can be helpful for businesses to seek support from bid management professionals.


If you need help in this area, bid management companies can support you with the following:

  • Assessing tender documents
  • Producing case studies
  • Setting internal deadlines, such as deadlines for first, second and final drafts
  • Writing a winning response
  • Submitting the bid on your behalf.


Save you time and money

This is one of the biggest benefits of working with bid management companies. It’s also why so many businesses turn to them for help.


It’s likely that you and your employees are incredibly busy running your business. If that’s the case, you probably don’t have time for internal bid management. Not only that, but your team might need upskilling so they’re familiar with the tendering process. Training your team in bid management will cost you time, money and resources, and take away from their day-to-day responsibilities.


However, if you outsource the process to bid management companies, they’ll handle everything for your business. While you focus on your usual work, professional Bid Writers will complete the entire bid for you. In half the time and at a fraction of the cost!


In summary 


Bid management companies are organisations that offer support with the tendering process. This could be anything from writing tender responses to managing the bid writing process for clients.


Before you outsource your bid management, you need to make sure it’s the right option for you. The benefits of working with bid management companies include:

  • They’ll produce a winning tender response on your behalf
  • Bid management companies will manage the tendering process for you
  • They’ll save you time and money.


How Hudson Succeed can help  


So, are you interested in how bid management companies can help you grow?


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 it. 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?


Are you 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. Likewise, 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:

  • Open tenders
  • Restricted procedure tenders
  • Competitive dialogues
  • Negotiated tendering procedures
  • Innovation partnerships
  • Single supplier contracts
  • Framework agreements
  • Dynamic Purchasing Systems.


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:

  • Copywriting
  • Marketing
  • Branding
  • Websites
  • Design
  • Illustration.


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! 


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About The Author

Hudson is a global provider of tendering and business development solutions. The Hudson Group is split into eight strands, allowing us to help businesses at every level. No matter the size or industry, we help companies, both nationally and internationally, to reach their full potential. Our team has decades of experience, helping companies to find and win the contracts they want to deliver. Last year alone, we secured over £300 million in direct contract wins for our clients.

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