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A Comprehensive Breakdown of Tendering for Event Planning Contracts

Posted on by John Hudson

Here’s an overview of what to expect and prepare for when tendering for event planning contracts

If you’re reading this article, you’re likely wondering two things about event planning contracts. The first is probably, what types of contracts are available for companies within the event planning sector? The second, what does the process of bidding for an event planning contract involve?

Finding tendering opportunities that match your services and capabilities can be an arduous and daunting process. Often, you need to filter through countless tendering platforms. The prospect of heading this process is what informed our foray into the industry. We implemented our strategy especially for bidders where existing responsibilities already take up so much of their time. At Creative Tenders, we have extensive expertise and consultancy experience in sourcing tenders and ultimately, in winning them!

The scope of event planning tenders

First, a disclaimer in relation to event planning bids is the breadth and diversity of tenders that are available. To provide a complete overview, we’ll tackle each prospective opportunity type. We’ll also look at what kind of processes you’ll need to follow when organising and constructing your tenders:

Considerations for event planning contracts

Event planning can itself be quite an intimidating term, inclusive of a diverse range of roles and responsibilities. Something we endeavour always to note with our clients is that the two most important factors to successful tendering are:

  • Experience – This refers specifically to the experience of the bidding organisation, rather than the experience of specific individuals within the organisation. 
  • Proposed methodology/solution – In the context of event planning, this encompasses your organisations management strategies and infrastructural commitments.

When demonstrating experience, it’s important to ensure that your examples illustrate, at a minimum, the following features:

  • An established understanding about the processes and procedures involved in event planning.
  • Prior experience of working on contracts with both a comparable scale and comparable planning/management responsibilities.

Typically, you’ll likely be asked to provide, at a minimum, 2-3 prior contract examples where the stated features are present. The strongest responses for contracts in event planning will often use these prior contracts. These not only act as evidence of past experience, but a platform for validating their methodology and why its suitable.

Common oversights

When entering into the bidding process for event planning/management, there are a variety of considerations you should keep in mind. There are countless instances where wholly suitable, qualified enterprises, through neglecting the following features, lost out on desired contracts:

  1. Read AND refer to the specification

Before committing to a particular contract, it is vital that the ITT (invitation-to-tender) is studied in sufficient depth. This ensures you meet the pre-qualification criteria, but also that you possess the appropriate infrastructure. Infrastructure relates to both recruitment and sourcing procedures, in place from commencement through to the conclusion of contracted works.

In lieu of an internal writing team, the following list details several strategies for determining personal/corporate suitability:

  • Location: Establish where the contracted works will take place. Firstly, where is the site/event? Secondly, where is your base-of-operations? And thirdly, is it in close enough proximity to assure the buyers of your capability to deliver during the contract?
  • Budget/scale: This should be a key consideration in all bidding proposals. Once you’ve consulted the ITT/specification for an overall budget and contract scale, take this opportunity to determine:
    • Is the budget reflective of the services that your corporation is capable of providing? If not, how will works be subcontracted to supplement this?
    • Is the scale of the project/event reflective of your infrastructure? If no, how will you alter your recruitment and outsourcing practices to make sure events are planned and managed effectively.
  • Key dates: Other key factors when searching for suitable bids are your resources and the timescales for deadlines and production. An awareness of basic key dates: contract commencement and tender submission deadlines being the primary figures worthy of note.
  • Pre-qualifying/required accreditations: Though variable per tender, contracts in the event planning industry can require an array of qualifications and licenses. These are foundational indicators of your ability to carry out and effectively meet the specified criteria for service delivery. Required qualifications may be extended to include individual experience and credentials of team members (lighting, filming, etc.). 

  1. Innovations and USPs (Unique Selling Points)

Given the diverse operational requirements which define event planning, another element worth including in responses is your enterprise’s USPs.

USPs refer to any innovations which might distinguish you amongst your competitors. To demonstrate your enterprises commitment to ongoing growth, it’s worthwhile to include >3 innovations that your company has implemented. These USPs may include any mechanisms which streamline procedures and increase productivity. Innovations come in many forms, including:

  • Systems: Though not exhaustive, systematic innovations can refer to your operating system, communications platforms, planning and reporting tools, and financial software. Assuming, for example, your organisation provides its personnel with IM platform(s), you should detail why these are comparably effective.
  • Resources: An overarching term to describe your material and infrastructural sourcing strategies. For example, if your organisation uses a unique hiring platform/strategy, how is it superior to the standard strategy?

  1. Policies and other pre-requisite documents

Like most enterprises emerging into the tendering market, your company is likely in its infancy. It may be worthwhile – prior to tendering – to ensure all appropriate corporate policies are documented and recently renewed. Though not exhaustive, the list below provides an insight into areas where policies are expected:

  • Data protection
  • Safeguarding
  • Health and safety
  • Equality
  • Code of conduct
  • Complaints

To tenderers, your policies act as indicators regarding your general operations and delivery standards. Additionally, they provide further insights into your enterprise’s lines of accountability, expectations and your treatment of employees. Policies are varied and often span numerous pages, making their production a daunting prospect for those foraying into corporate status. Luckily, at Creative Tenders, our established team of bid professionals have provided aid in refining and producing tenders. We also have extensive experience providing bespoke advice and guidance to organisations creating them.

Why tender for event planning contracts in 2022?

Since the advent of COVID-19, it’s no wonder countless suppliers assume planning contract opportunities would be scarce and excessively competitive. This isn’t completely accurate, however, as the government projection posits 35% of all tourism-based revenue will originate from events. Coupled with the government drive towards SME and VCSE sourcing, this demonstrates the present tendering climate is rife with opportunities.

How can we help?

 Presently (July 2022), restrictions continue to ease, and public events are once more becoming a commonplace occurrence. As such, the need for planning and management personnel on events of all sizes is greater than ever. A subscription to Creative Tenders provides the following support mechanisms to aid you in the process:

  • Access to all exclusive, public and private sector creative contracts in the UK.
  • An on-hand Account Manager is available to answer any questions you may have about event planning tenders. They can help you understand the process and answer any questions you have about the tendering process in general.
  • A daily email bulletin is sent straight to your inbox when new event opportunities are uploaded.
  • Discounted support from Hudson Succeed, our bid writing division.
  • 20-minutes of free consultancy with one of our Bid Management Consultants each month.

Need additional support?

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:

Contact us to find out how we can help your business grow.

We also source opportunities for sectors including:

Book a free live demo with Creative Tenders to see how we can help your business grow.

Past examples of event planning tenders found on our portal 

Event Planning & Delivery Services of the Para-Cycling Road

2023 UCI Cycling World Championships – Scotland – Budget: £990,000

Ceremonial Event Planning and Management

Scottish Government – Scotland – Budget: £700,000

GB-Middlesborough: ERDF – Grow Trees Valley Annual Conference and Event Planning

Teeside University – North East – £500,000

Whatever route you choose, Creative Tenders have options available for businesses of all sizes and contracts of all scales. We can offer your enterprise an immense leg-up in competing and thriving on contracts within the event planning sector.

Signage Tenders: The Secrets to Success!

Posted on by Charlotte Jarvis

Here’s how you can find and win signage tenders

How to find signage tenders

When you search for signage tenders, you’ll likely start off by using a search engine such as Google. This is understandable, and you’ll find a lot of results! However, the challenge will be narrowing it down to signage tenders that are suitable for you. For example, you may be looking for tenders in a certain location or within a particular budget.

The sites you search will have tenders listed in a variety of ways, and all will be different. It will take hours to go through these to find a tender right for you. They won’t feature the key details on some results either. This means you’ll have to scour through lengthy tender documents. Once you get through these, it might not be a suitable contract, so you’ve wasted all this time!

The good news is that there are helpful solutions available to you.

Creative Tenders

At Creative Tenders, we are one of Hudson Discover’s 11 sector-specific portals. These portals are specifically designed to make the tendering process easier. This is done by listing tenders based on selective filters. You can see tenders based on location, deadline dates, budget, and keywords.

Our Opportunity Trackers add new signage tenders to the portal daily. So, they are always up to date. Plus, we don’t use CPV codes, which can result in missed opportunities. It is what sets us apart from other tender portals.

You can also receive tender notifications when tenders are uploaded that may be of interest to you. It couldn’t be easier! Or could it?

Discover Elite

If you want to streamline the process even further, you can sign up to Discover Elite. 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.

Examples of signage tenders found on our portal

Creative Enterprise West (Hounslow’s Creative Enterprise Zone) – Wayfinding

London Borough of Hounslow – London – Budget: £50,000

National Signage Framework

Forestry Commission – South West – Budget: £1,200,000

Signs

ESPO – East Midlands – Budget: £25,000,000

GB-Braintree: Wayfinding Signage at Horizon120 Business Park

Braintree District Council – Eastern – Budget: £100,000

Production and Installation of Signage (To Promote the Level of Investment Underway By Hull City Council)

Hull City Council – Yorkshire and Humber – Budget: £35,000

How to win signage tenders

To win signage tenders, there’s a few tips you should know. We sat down with our Senior Bid Writers to see what their top tips are for winning signage tenders!

1.     Don’t use technical jargon

The buyer is likely to be unfamiliar with your industry. So, to avoid confusing them, make sure you don’t use any technical words that they won’t understand.

2.     Be clear and concise

Similar to our previous point, you don’t want to confuse the buyer. Keep your bid proposal as clear and concise as possible. Focus on answering the questions and don’t ramble about anything irrelevant.

3.     Express what makes you different

You should always showcase your unique selling point (USP) in your bid. This gives the buyer an idea of what you can bring to the contract that other suppliers can’t. It is also a great way to help you stand out.

4.     Showcase your experience

The buyer wants to see that you have evidence of completing signage tenders. You should include three to five case studies that detail similar projects that you did well.

5.     Proofread and edit before submission

Before you submit any bid proposal, not just ones for signage tenders, you must proofread them! If you don’t, you are almost certain to have left mistakes and errors that the buyers are likely to notice. This will give them the impression that you do not thoroughly check your work. If you don’t do this, they won’t trust you to handle their contract well.

6.     Use bid management to stay organised

You should use bid management to stay on track when working on a bid proposal. It can be easy to become overwhelmed with the workload. By breaking it down, you separate it into manageable chunks.

7.     Don’t submit the bid last minute

One of the worst things you can do is submit proposals for signage tenders at the last minute. This is often a recipe for disaster. You may come across technical issues or find that there is further information to submit. If you are already close to the deadline, it will get extremely stressful. If you submit your proposal even a minute late, you won’t be considered.

Who can help you win signage tenders?

Worried you don’t have enough time to dedicate to writing a bid? Help is available! Professional Bid Writers are at hand to support you with your bid proposal. They can take all the stress off of your hands and handle the entire process on your behalf. This is ideal for organisations or individuals that do not have the spare time.

Summary

Here’s a summary of everything we covered in our blog on signage tenders!

To find signage tenders, you should use tender portals such as Creative Tenders. You can upgrade to Discover Elite to have an Account Manager do it for you!

To win signage tenders:

1.     Don’t use technical jargon

2.     Be clear and concise

3.     Express what makes you different

4.     Showcase your experience

5.     Proofread and edit before submission

6.     Use bid management to stay organised

7.     Don’t submit the bid last minute.

Need help writing your next tender?

If you don’t have the resources or time to write a winning bid, why not outsource it? Our sister company, Hudson Succeed, boasts an 87% success rate and have over 60 years of collective bidding experience. They offer four bid writing support packages to help you on the path to success. Whether you’re new to tendering, or simply need someone to proof your written response before you submit – we can help.

Tender Ready

Our Tender Ready programme is designed for those who have never tendered before. This 4-week programme works with you to ensure you have everything in place to tender successfully.

Tender Improvement

Tender Improvement can help if you’re already tendering but aren’t seeing success from your current efforts. Our Bid Writers will assess your previous submissions and supporting documents. They’ll give you feedback and guidance on how to improve, helping you to secure your next tenders.

Tender Mentor

If you’ve written a tender and need someone to proofread it – Tender Mentor is for you. A Bid Writer will double-check it’s in line with the specification and free of any grammar or spelling mistakes.

Tender Writing

If you’ve found the perfect tender but don’t know where to start – we can help. Send the specification over to us and our Bid Team will do the rest. They’ll let you know what they need from you and provide you with a full breakdown. They’ll even submit it on your behalf, leaving you more time to focus on your business.

Get in touch to find out more information.

Want to save even more time?

Upgrading to Discover Elite will ensure you never miss a tendering opportunity even when you’re busy!

The Ultimate Time-Saving Tool offers your business:

  • An annual subscription to a maximum of two Discover portalsof your choice.
  • Up to five bid breakdowns per month to help you make your bid or no-bid
  • Weekly phone calls with your Account Manager to discuss viable leads and tendering opportunities.
  • Award and pre-market engagement notices monitored on your behalf.
  • Public and private buyer portal management including registering, password management, downloading documents and assessing viability based on your bid strategy.

We also source opportunities for sectors including:

Book a free live demo with Creative Tenders to see how we can help your business grow.

Contact us for more information.

 

Tendering Portals – Reimagined

Posted on by Charlotte Jarvis

Tendering portals reimagined by Hudson Discover

Hudson’s tendering portals were designed as time-saving tools to help increase efficiency in the tendering process.

How long does it take you to search through numerous websites and find the right opportunity for your business?

Tender tracking is a full-time job. We know because our team of opportunity trackers search through thousands of websites every day.

This year, we are modernising the tender tracking process by enhancing our ten sector-specific tendering portals, including Creative Tenders.

The new features

As the updated portal is currently in development, here is a brief overview of what to expect from the new system:

The look

As you may already know, we recently rebranded the Hudson Group. Our new look is sleek and modern – therefore, our portal will be redeveloped to match.

Dynamic inter-trading

Procuring services will be even easier. Buyers will simply upload their specification and select which tendering portal they wish to target.

For example, if an accountancy business needs a new website, they can upload their specification on the new ‘Post a Project’ section and simply tick a box to send the opportunity to ‘Creative Tenders’.

Team collaboration

The new systems will allow users to assign tenders to their colleagues. Once the bid is submitted, the team can mark the tender as complete in the new ‘My Tasks’ section. This will allow for consistency across teams and increase efficiency when bidding for contracts.

User details can also be managed in the ‘My Profile’ tab. This enables the user to add or remove colleagues in just a few clicks, change passwords and update business details.

Industry collaboration

At Hudson, we believe that everything is better when we work collaboratively. We know that our clients share the same belief. Our new tendering portals will allow users to ‘opt-in’ to collaborate with other businesses.

For example, a marketing agency could contact a freelance graphic designer to ask for collaboration on a large project that they do not have the in-house design resource to deliver.

Access to more tendering portals

Clients who require access to more than one portal will be able to easily swap between systems.

Simply selecting the ‘Change Portal’ menu will allow users to move from one tender portal to another without loading different websites.

For example, a software company may require access to both our Creative Tenders and  Technology Tenders portal. 

Stay in touch

The new dashboard page will not only display the recently uploaded tenders that match your criteria but helpful updates from the Hudson Group.

For example, the dashboard will make you aware of:

  • New Tender VLE masterclasses;
  • Bid Surgery date and location announcements;
  • System changes you should be aware of;
  • Hudson notices, such as seasonal opening hours.

Remaining features

The unique benefits of our tendering portals will remain the same. Here are just a few of the features and subscription benefits that you can expect to continue:

Manual opportunity tracking

We only use manual tender tracking processes – our research identified that a third of tenders uploaded using algorithms were tagged with incorrect CPV codes.

What does this mean?

For the users of these systems, this means that they could receive notifications for irrelevant opportunities. It also means that when the users search these portals, they will still have to sift through numerous, unrelated contracts.

Our fundamental objective at Hudson Discover it to save time for our clients. Our team of opportunity trackers manually search thousands of sites every day, uploading each tender and tagging the opportunity with relevant keywords. This means that our users can simply log into the portal and filter their search results by keywords – only to be shown relevant contracts.

My favourites

When you simply can’t decide which tender to bid for, add those that stand out to your ‘My Favourites’ page. Later, you can peruse through these opportunities and compare them more easily.

Bid writing support

Our Hudson Succeed team are still only a click away. We understand that some tenders can be daunting. Our clients don’t have an unlimited amount of time or resource to spend on writing and submitting tenders. That’s why our team at Hudson Succeed are there to help.

Last year alone, the team secured £300million in direct contract wins for our clients. They proudly hold an 87% success rate and they are trusted by more than 700 businesses, globally. More information about services and testimonials can be found on the Hudson Succeed website.

Account management

Tendering can be confusing and sometimes you need a little support. Our account managers are not going anywhere.

Every client on our tendering portals receives personal support from our expert account managers. Whether you need support with getting started or responding to a specific tender, our account managers are only a phone call or an email away.

Filters

Once you sign up, all you need to do is tell the system what you are looking for and anything matching your criteria will appear on your dashboard page.

Your criteria can be categorised by location, keywords, budget and sector. This helpful functionality will remain the same.

Do current clients need to update anything?

Our existing clients do not have to change or update anything. Your account manager will contact you to let you know when the new system will be live and what to expect.

If you have any questions about the system changes or your subscription, please contact Marie Fisher via marie@hudsonprocurementgroup.co.uk.

More information

For more information about what creative contracts in the UK are available, please get in touch with our team.

WE SOURCE OPPORTUNITIES FOR SECTORS INCLUDING;

Book a free live demo with Creative Tenders to see how we can help your business grow. 

ESPD – WHAT YOU NEED TO KNOW – European single procurement document

Posted on by John Hudson

ESPD – WHAT YOU NEED TO KNOW – European single procurement document

ESPD & Procurement policy – not the most known or thrilling of topics. We know that reviewing changes does not exactly make for riveting reading, so we have condensed this information into what you actually need to know.

Due to the European Public Procurement Reform which kicked off in April 2016, one of the key elements featured was the introduction of the ESPD (European Single Procurement Document).

What is an ESPD?

An ESPD is an online electronic form that any supplier can complete, download and submit as part of their bid for a growing number of public procurement agencies, both nationally and internationally.

Access to the form can be found HERE.

As part of the reform, this process simplifies cross-border procurement, cuts down on paperwork, and helps provide access to new opportunities for businesses of all sizes.

The procurement policy remains the same as a pre-qualification questionnaire stage (or PQQ for short), where buyers can assess your response to specific criteria to determine the capability of your delivery in order to be invited to tender (ITT).

CLICK HERE for further information about the PQQ process.

What does an ESPD include?

This contains all of the similar exclusion criteria and selection criteria that enables your company to subsequently be invited to tender (ITT), which remains from the prior PQQ document. It’s the YES/NO questions that ensure you are an upstanding member of the national business community and are not faulting in certain areas, such as criminal convictions, tax evasion, fraud etc.

The biggest new element is the idea of self-certification. During our team’s procurement careers, what happened in the past was that on a typical PQQ, you had to attach endless amounts of financial accounts and policies. Now, as per the reform and introduction of an ESPD, you must self-certify that you maintain all this documentation and provide the evidence later at any time. So, make sure you have your policies and financial documents in place, ready to attach when prompted by the buyer.

How does it affect you?

 This has been put in place to ensure that you don’t need to keep completing the same old questionnaire time and time again. Many buyers now will ask you if you have completed this generic document and you can attach this in order to save time (see example below).

Procurement Policy
ESPD & Procurement Policy

One thing to remember is the Technical & Professional Capability section as part of the PQQ (or Selection Questionnaire-SQ). You must adapt this for every contract, because no two contracts are the same and you’ll need to show off your technical capability and experience in different ways, for different previous contract examples. Make sure this is adjusted based on the new contract requirements at hand.

Other than this, this affects you minimally. If you have tendered before you’ll be used to the questions asked here – it’s purpose is merely to make it simpler and save you time.

We are here to help you SUCCEED

Get in touch with our Tender Consultants for more information

CREATIVE TENDERING OPPORTUNITIES – THE SOURCING PROCESS MADE EASY

Posted on by John Hudson

CREATIVE TENDERING OPPORTUNITIES – THE SOURCING PROCESS MADE EASY

So, you have decided to venture down the tendering route. You wish to grow your business and deliver new creative projects.

Tendering opportunities can be difficult to source and even more difficult to filter. How can we eliminate the confusion and speed up the overall process to allow you to effectively grow?

First things first, sourcing an opportunity. Type in ‘tendering opportunities’ into any search engine and you’ll be instantly confronted with hundreds of platforms and thousands of vast and irrelevant tenders. At this stage, you could either begin trawling through the search results or spend time and money recruiting an in-house procurement team to do the rigorous sourcing on your behalf.

If this is the route that you decide to take, your team will spend hours searching for relevant opportunities, via complicated methods such as CPV codes. See our What Are CPV Codes blog for more information about this chaotic process.

This is where our portals step in.

Our portals are categorised into the top national industry sectors and then re-categorised into more bespoke sub-sectors to ensure that customers can easily access tendering opportunities RELEVANT to them. This narrows down and smartens up the process of sourcing an opportunity so that more focus can be spent actually developing your tender response.

For example, if a PR and Marketing agency wished to find a buyer seeking advertising services, they could simply login to Creative Tenders, filter the keywords such as ‘PR’, ‘Marketing,’ ‘Advertising’ and instantly view hundreds of specific opportunities in those sectors.

But why stop there?

Don’t buyers also deserve the same, easy, time-saving process?

Welcome Tender Connect, our procurement platform, with buyers in mind.

How does it work?

Let’s say a hotel is in need of contents insurance, the company could advertise this opportunity on our Professional Tenders platform and target those in the Insurance sector. The buyer then has instant access to potential suppliers who are actively seeking to deliver work.

Don’t waste time sourcing opportunities any longer! CLICK HERE to speak to an Account Manager today about how your business can benefit from our sector-specific platforms.

We’re here to HELP YOU DISCOVER!

TENDERS & BUYER PRESENTATIONS – TOP 3 BENEFITS OF ATTENDING A SITE VISIT

Posted on by John Hudson

TENDERS & BUYER PRESENTATIONS – TOP 3 BENEFITS OF ATTENDING A SITE VISIT

It’s an obvious analogy: The bigger tenders are – the more effort that is required from both the supplier and buyer!

We’ve been to hundreds of site visits and buyer presentations to know that this is a crucial part of tenders and how they are developed.

Buyer presentations are delivered usually halfway through the Tender exercise and they provide all tenderers/suppliers the opportunity to get to know the buyer’s environment and culture, as well as a more detailed outlook on the requirements at hand.

This is usually for large-scale public-sector contracts. 

The buyer invites all suppliers to a site visit, which may include a group tour or a group presentation. This is to provide suppliers with a better opportunity to comprehend what’s expected of them during delivery and with developing their tender response.

We’ve provided our top 3 benefits in attending a buyer presentation/site visit.

  1. To comprehend – sometimes it takes more than a specification document to truly understand what’s expected – especially in a large, multi-million-pound contract that spans multiple regions. As you can expect, with undergoing these types of visits, online clarification questions are often decreased as all aspects will be clarified on the day. Yes – the buyer should make this public to all tenderers, but we’ve found that you’ll tend to grasp more out of the day rather than on a paper-reflected document. Whole conversations aren’t recorded and provided, so there will always be something (possibly crucial) that may be missed on paper, but clear on the day.

♦

  1. To introduce yourself – by getting your face in front of the buyer[s] – this not only introduces yourself to them but if you display strong professionalism, knowledge and decorum – this will also stick in their minds. If you send your administrator on the day who’s clueless about your operations – and this is clearly projected – the buyer will consider your organisation less committed to the project and you don’t want to be remembered for that. Choose your most knowledgeable staff to attend who you know will act professionally and come back with a steered view of how better to develop your tender response and leave a lasting impression on the buyer.

♦

  1. To stay ahead of your competitors – now we aren’t one for shaming our competitors – no matter how subtle. However, if you attend grouped discussions you’ll see exactly who your competition is. This provides in many ways a more competitive Tender process as you should be trying to enhance your response based on advantages over your counterparts. For example: If Company X is present and they deliver a certain way – you can always state how your delivery model provides much more added value to the buyer. Don’t go naming and shaming in your response – keep it classy and always have the buyer’s needs in mind!

♦

These are just some of the things that make attendance at a site visit crucial when developing your tender response.

If you require any support at all with the development of your tenders – please get in touch with our Tender Consultants who’ll be happy to assist you in your efforts.

CLICK HERE for a FREE Consultation.

We’re here to help you succeed!

ECONOMIC FINANCIAL STANDING – WHAT YOU NEED TO KNOW

Posted on by John Hudson

ECONOMIC FINANCIAL STANDING – WHAT YOU NEED TO KNOW

Economic financial standing is primarily established through annual turnover, financial ratios and their level of insurances.

This is typically assessed on a PQQ but can easily translate to more formal tender procedures.

CLICK HERE for an overview of the basics to a PQQ.

This is one of the two ways to assess the suitability of the supplier and to pursue a specific activity/contract – the other being the technical and professional capability.

Your economic financial standing reflects multiple financial aspects of your business. Three being:

  • Annual turnover – you need to usually attach your most recent audited/unaudited accounts
  • Financial ratios – this is usually found in your full financial accounts and can include the ratio of your assets to liabilities (acid-tests / quick ratios)
  • Your insurance[s] – you usually need to attach your Insurance documents and commit to potentially increasing your amounts before contract commencement.

One of the key things a lot of our clients assume when they start tendering is their ambitions will become reality almost immediately, especially in terms of finance. You cannot have your turnover increase within the first year to that 7-figure amount we all desire. This is as rare as blood diamonds on a blue moon.

As per a new requirement introduced in the 2014 Public Procurement Directive, “the minimum yearly turnover that economic operators are required to have may not exceed twice the estimated contract value unless there are specific circumstances which justify a higher level.” This means if you’re turning over £100,000 per year, the most you can typically bid for, based on your economic financial standing, will be £50,000, unless there are specific circumstances which may justify this – going over this amount, we’ve found, is extremely rare and will only increase slightly – not massively. We encourage you to aim for opportunities that are half your turnover or lower.

In a nutshell, make sure your finance is in order, so the above attachments maximise your chances to passing to the subsequent stage, not hinder your overall efforts!

Need further advice in filling out PQQs? Get in touch with our Tender Consultants.

We’re here to help you succeed!

PQQ BASICS – WHAT YOU NEED TO KNOW

Posted on by John Hudson

PQQ BASICS – WHAT YOU NEED TO KNOW

PQQ is something you’ll hear most often in the tendering and procurement world.

The term can take many forms including SQ (Selection Questionnaire), Stage 1 Tender and the recently established ESPD (European Single Procurement Document).

PQQ stands for Pre-qualification questionnaire and it does exactly what it says on the tin!

This is typically the first stage of a tender process and helps the buyer filter through organisations that are more suited to deliver upon their requirements and needs. This allows a select few to be invited to tender (ITT) and making it easier to narrow down competent suppliers. It also ensures any previous convictions or misconduct is declared as per procurement regulations.

A lot of people assume that this is the easy part of the tender process. If you have all of your business affairs in order, then you’d be right! Think of it as an application form. It doesn’t necessarily win you the contract, but it’ll get you to the next stage!

The image below represents what’s featured in a typical PQQ – where you, as the supplier, would complete all relevant fields, including basic company information and registrations etc.

PQQ
PQQ

The PQQ is predominantly a ‘tick-box’ exercise, where you and your organisation state compliance with key legislative requirements in order to do business.

This includes:

  • Legal Compliance
  • Financial Standing
  • Insurance Cover
  • Modern Slavery
  • Equality & Diversity
  • Health & Safety Regulations
  • and Environmental Standards etc.

One of the most important aspects of a PQQ is your response regarding technical and professional capabilities. This is where you must list [usually 3] references/contract examples to show the buyer of your capabilities to undergo the required works based on your past experience (see extract below).

Response
Response

Most questions throughout a PQQ are quite clearly ‘pass and fail’. If you don’t commit to providing the correct insurance cover (for example) – you fail and that’s that!

However, the technical and professional capability is one of the few questions that is scored based on the quality of what is provided.

See our ‘Importance of Relevant Case Studies’ blog to make sure you are ahead of yourself when it comes to contract examples and case studies.

How to tackle PQQ information…

You’ll find PQQ information is quite repetitive. As long as you aren’t breaking the law in any way or have been found guilty of any misconduct, you’ll find you are answering the same information over and over. The more PQQs you complete, the easier they are to submit.

In 2017, the Crown Commercial Service wanted all procurement bodies/suppliers to stop using the typical PQQ and now use an SQ (Selection Questionnaire). This is nothing to worry be concerned about. The bulk of the PQQ questions still remain, with just a few tiny amendments, such as the inclusion of Modern Slavery compliance.

Also, the European Public Procurement Reform kicked off in April 2016. One of the key elements to this was the introduction of the ESPD (European Single Procurement Document).  This is an online electronic form that any supplier can complete, download and submit. Mainly as part of their bid for a growing number of public procurement agencies, both nationally and internationally.

In a nutshell, a PQQ is a document you complete to show you are both capable of delivery and compliance with specific regulations. Once you’ve passed this point. You’ll then move onto the core part of a tender process – the Invitation To Tender (ITT).

Need further support with your PQQs? Get in touch now with our Tender Consultants!

Start by receiving those all-important opportunities today by receiving a free demo from one of our 10-industry-specific portals. We are dedicated to helping you DISCOVER the right tender opportunities to bid for!

CLICK HERE to arrange a free demo!

WRITING BIDS – TOP 4 TIPS FOR TIME MANAGEMENT

Posted on by John Hudson

WHEN WRITING BIDS, TIME IS A PRECIOUS THING!

Not only is there an imminent deadline, but if you don’t give it your all and put everything you have into the bid, then it’s not only time you’re wasting – it’s money!

We’ve provided a few best practice principles to make sure you don’t create unnecessary panic at the last minute and can time-manage your bids more effectively.

1. Know your deadlines

There will have been times in the past, especially if you’re handling more than one tender at a time, where a date may have been mixed up and you’ve realised that the bid is due in 24 minutes and not 24 hours as thought. Read the tender timetable carefully – this will enable you to start planning effectively. Tender Timetables are featured in the instructions to tender and look something like this:

Example Date

 Example Milestone

02-July-2018

Opportunity published

12-July-2018

 Site Visits

23-July-2018

 Clarification Deadline

27-July-2018

 Submission Deadline

30-July-2018

 Presentation Date

31-July-2018 – 03-Aug-2018

Evaluation

03-Aug-2018

Notice to Award / Alcatel commence
13-Aug-2018

Contract Start Date


2. Assess & Digest

Make sure you assess whether or not the opportunity is the best option for you. We have been behind many projects in the past, working tirelessly on content and writing bids on behalf of our clients, when 2 days before submission, they decided it’s not right for them. Don’t waste your time and money – make sure it is right for you by closely digesting ALL of the information at hand. Yes – it may be a 100-page document you have to read through but believe us – it’ll be worth it in the long run.

Check out our ‘To Bid or not to Bid’ for further information.

3. Gantt Chart is life

Once you know the buyer’s timescales, now it’s time to get yours in order. This is where you create a plan for the tender at hand. No matter the size of the opportunity, whether it’s £10,000 or £10million, it’s very important to make sure you’re not winging it and have a structured plan in place to manage your time and approach effectively. A Gantt Chart is typically used in project management cases for longer periods, detailing responsibilities, activities and timescales. We love a good Gantt Chart and feel this is a clear-cut process for managing those all-important milestones when developing and submitting a tender.

4. Know your portal

We’ve liaised with many customers, who have never used a specific online portal before and the submission of their tender documents have been delayed due to their lack of understanding or inability to navigate. We recommend you get to know your portal in the early stages. Have a click around and know your procedures for submission.

 

One of the key things that our group of companies can offer you is the chance of receiving the opportunity from the get-go, meaning you won’t be days behind other competitors – if anything, you’ll be days in front: –

Our Tender Connect service is the home of our industry-specific platforms that enables you to receive both public and private opportunities all in one place, that is specific not only to your sector but your service within that sector. Get those all-important opportunities from when they are published, allowing more time to focus on your time management when developing your response[s].

Need further help with writing bids? – just get in touch with our Tender Consultants!

We’re always here to help!

HAVE YOUR SAY! What do you want to know? Creative Tenders

Posted on by John Hudson

HAVE YOUR SAY! What do you want to know? Creative Tenders

Every month – we want to hear from YOU!

Creative Tenders wants to get to know you as a customer and understand your thoughts, processes, and problems when it comes to UK tendering.

Our vision has remained the same since DAY 1:

We want to help businesses effectively discover contract opportunities that are out there, help them to succeed with their tendering efforts. We love to support like-minded organisations to procure through guided support and innovative inter-trading, and help deliver crucial economic results that helps conglomerates invest in what’s best.

As part of our impending launch for Tender VLE, we are wanting to find out your ‘pains of procurement’. So, we can deliver you FREE training and support in order to maximise your chances of tendering success.

This questionnaire features 5 short questions, which takes around 2 minutes to complete.

This is your chance to be heard and tell us your opinions on procurement, what you want to know and/or what you want to understand better!

If something doesn’t make sense – tell us!

We will try and get this across in a simple yet effective fashion!

CLICK HERE to take part!

WE SOURCE CREATIVE CONTRACT OPPORTUNITIES FOR AREAS INCLUDING;

Book a free live demo with Creative Tenders to see how we can help your business grow.