In simple terms, a tender is a formal offer to perform work. Many industries use the tendering process in order to advertise key projects via a ‘Tender Request’ (similar to a job advertisement) and invite parties to express their interest by submitting a ‘Response to Tender’.
Anyone new to the world of tendering may discover it to be an overwhelming environment. When first applying for tenders, it can be particularly difficult to ascertain the best strategy to employ in order to put together a competitive proposal.
Whilst mathematically it may seem like the best approach is to apply for as many tenders as possible, this may not be the best use of your company’s precious time and resources.
Competing for tenders provides an excellent opportunity for small and growing businesses to firmly establish themselves in their industry. Winning a tender indicates that your company is reputable and trusted, and that you have presented yourself well to a client. Doing so can lead to further work opportunities and increase the overall growth and success of your business.
Before you start searching for a tender bid template and jump straight into the often complexing tender process, it’s important to first understand how the process works – especially if you are new to the world of tendering and bid proposals.
The Australian defence industry is constantly evolving and offers a vast range of lucrative opportunities for businesses large and small. However, it is also known for being a very complex process that is notoriously difficult to navigate through. When it comes to defence industry tenders relating to infrastructure and construction, turning to our professional and experienced team at Bidsmith will ensure that you are guided through the entire process.