What is capture management?
Capture management gives the client an advantage when they tender for work. Through this process, we capture key information about the buyer, including their objectives and requirements.
We’ll also look at the client’s experience. We extract information from our clients about their organisational experience and any previous or current contracts they’re working on. Once we have this information, we develop three case studies that are specific to the opportunity they’re bidding for.
A key part of capture management is competitor analysis. For example, at Hudson, we support our clients by identifying competitors within their industry. This is helpful, as they’re most likely to be tendering for the same contracts. With this information, we complete a SWOT analysis. We look at the competitor’s strengths, weaknesses, opportunities, and threats.
After evaluating the potential competition, we work with our clients to develop at least three win themes and their USPs.
What do you do with this information?
Once we have this information from our clients, we start to develop a written solution. This can involve, but certainly isn’t limited to:
- The end-to-end service they’ll provide
- Supply chain experience
- Skillsets of any key personnel
- Service delivery
- Risk management
- Quality assurance
- KPIs and performance measures
- Social value
Alongside this, we also identify and explain any risks that our clients might face if they proceed with the tender. This could be areas that require improvement in order to see success.
Does it have a purpose?
Capture management is designed to help the client prepare for bid release and enhance the quality of the submission. Ultimately, we want to do everything we can to improve their chances of success.
What are the main benefits of capture management?
First and foremost, capture management will raise the overall win probability. It allows us to enhance the quality of our client’s tender responses, giving them the best chance of success.
However, there are certain benefits that are often overlooked, but they’re just as important for our clients. The pressure of working on a live bid reduces by using this process to prepare for the bid. This is because we already have everything in place to produce a high-quality submission.
Not only that, but it provides an opportunity to develop high-level solutions, including supply chains and sub-contract agreements. The extra time is also useful for submitting any questions within the clarification window.
When should capture management start?
Ideally, capture management will start as soon as the client identifies an opportunity they’d like to go for. It’s important for making the bid or no-bid decision and can streamline the entire tendering process.
Capture management is a long and detailed process and should be used for complex and must-win opportunities. It’s recommended to start the process as early as possible to improve your chances of success.
What do you think is the most important part of the capture management process?
The most important part of the process is the beginning stage, when the client identifies an opportunity. After all, this decision influences the rest of the process. It defines what the client needs to capture, audits what they already have, and helps design the capture remit.
Capture management gives suppliers an advantage when they tender for work. Ultimately, it gives them the best chance of achieving success with their tendering efforts. During capture management, our Bid Writers look at:
- Buyer objectives and requirements
- Client experience
- Competitor analysis
- Win themes
The main benefits of capture management are:
- Increases win probability
- Enhances tender responses
- Reduced pressure
- More time
- High-level solutions.
Ideally, successful capture management will start as soon as the client identifies an opportunity. The earlier you can get into the process, the better!
How Hudson Succeed can help
Still have questions? Why not call our Bid Writing Consultants? We’re always happy to help!
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:
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 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.
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. This service also helps businesses who are new to tendering with terminology and industry knowledge.
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 searching for tenders?
Now it’s time to find a contract opportunity for your company!
You may be wondering where you can find a tender 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 the hundreds of 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?
We host 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.
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.
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:
Contact us to find out more!