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Tendering is a key strategy for growing your PR agency, as tenders are an extremely effective way to gain contracts to expand your business by providing your services to new organisations.
Let’s quickly discuss what Tendering is. While the exact tendering processes will be different depending on the industry, the basic idea remains the same. Tendering involves formally presenting your business offer to an organisation (a ‘buyer’) in need of a specific service. This is considered the fairest and most open procurement method for public sector organisations, and even private businesses have recognised the value of tenders. Overall, the tendering process will secure the most economically advantageous tender (‘MEAT’) for the organisation.
As you might expect, opportunities are always being published that anyone can bid for. Yet, because of this very fact, competition is fierce. Just as tenders are vital in gaining new contracts, so is having an amazing proposal showing that you meet all the buyer’s requirements, and why you are the best PR agency for the job.
Tendering can seem long and terribly complicated, so here we will break down the process for you. PR tenders, as creative tenders, will commonly be Requests for Proposals, or RFPs. RFP formats are almost always free format and involve the buyer providing a specification used to produce a creative project. Often RFPs won’t have any strict word count or notable restrictions. After all, buyers in the creative industry will want to see the quality of what you produce, meaning this proposal is basically your first chance to display your talent! Showing your ability to go beyond a plain template document and be remembered will assure buyers you can achieve the same working with them!
Your proposal does still need to include important information regarding the project, including a:
As not all PR agency tenders are RFPs, we can also look at what the general stages of the tender process are:
PR agency tenders fall into the creative tenders category, and creative jobs make up a substantial amount of the UK workforce. New creative jobs are generated at a faster rate than in other sectors. What this means is there is an abundance of opportunities to secure tenders to grow your agency! Understandably, this only emphasises the importance of having an expert approach.
Searching for the perfect contract is key. Through your agency’s marketing, you may see some opportunities if businesses reach out directly, though not all may take this approach. Even if we include google searches or rely on word-of-mouth to discover opportunities, this is simply less reliable. Worse still, these results are likely not what you need to truly develop your agency!
Through tendering, your approach to gaining new contracts can be so much more efficient. You can find major PR tender opportunities with a variety of businesses and organisations. This is particularly important for newer and/or smaller businesses (SMEs). For instance, the opportunity to secure work alongside a well-known company would not only be lucrative but will look amazing when approaching future tender opportunities. After all, tendering isn’t just to help you secure a single contract, but to continue building your portfolio and expose you to new opportunities to help your PR agency grow!
At Hudson Outsourcing, we have developed our Creative Tenders platform to provide the best experience when seeking PR tender opportunities. Rather than complicated codes or algorithms, our procurement team will categorise every tender with industry-specific keywords to allow an easier time searching for the right opportunity. Even when there are thousands of tender opportunities to manage, our team will ensure your agency’s time will only be spent looking at the most relevant.
Buyer: 2023 Cycling World Championships Ltd
Location: Scotland
Budget: £165,000
Buyer: Sefton Council
Location: North West
Budget: £36,000
Buyer: Coventry City of Culture Trust
Location: West Midlands
Budget: Undisclosed
Buyer: Future Generations Commissioner for Wales
Location: Wales
Budget: Undisclosed
If you would like to see more examples these can be found on our Creative Tenders Portal.
A subscription to Creative Tenders provides you with:
Book a free live demo with Creative Tenders to see how we can help your business grow.
You don’t always have the time or resources to write a winning response in-house. Outsourcing to bid writing experts can help. Our sister company, Hudson Succeed, offers four levels of bid writing support.
They boast an 87% success rate and have over 60 years of bid writing experience.
The services on offer include:
You can absolutely complete all your bid submissions from within your agency. However, this can pose an issue if the buyer requires an especially long or complicated bid, and that’s before considering how you might fit this into a schedule already filled by your normal contracted work.
We also offer free consultations if you would like to discuss what is the best approach for your PR agency. On top of offering our bid writing services, we can also advise you on your existing tender strategies and provide guidance if you wish to produce a bid independently still! You can call us on 0203 051 2217 or email us at hi@tenderconsultants.co.uk.