Tender Management is the process of planning, selecting, and publishing bids efficiently. It can be difficult to keep a clear audit trail that can be used to determine best practices for future contracts. However, following these seven simple steps will help you succeed in Tender Management:
- Plan your Tenders
- Select the right Tenders
- Evaluate Tenders fairly
- Publish Tenders clearly
- Respond to Tenders promptly
- Award Tenders fairly
- Follow up on awarded Tenders
What is Tender Management?
Tender management is the process of organizing and managing the bidding process for potential contracts. The goal of tender management is to ensure that the organization putting out the request for proposal (RFP) receives proposals that are compliant with their requirements and fit within their budget. Tender management includes creating and distributing the RFP, reviewing proposals, and awarding the contract to the successful bidder.
Tender management software is a type of software that helps organizations manage their tenders. Tender management software can automate many of the tasks involved in the tender process, such as creating and distributing the RFP, collecting and reviewing proposals, and awarding the contract to the successful bidder. Tender management software can also help organizations keep track of all their active and past tenders in one place.
What will you learn in this whitepaper?
- What is Tender Management?
- The Tender Market
- Key Challenges in the Tender Market
- How to Succeed in Tender Management?
- Tender Management Vs. Procurement Management
- Tips For Tender Management
- How does Visure help?