bid tendering modelling
Whether you are a bidder responding to a complicated project tender, or are issuing a tender and need to evaluate potential suppliers' proposals, a Paragon model can provide the vital link between requirements, proposals and likely outcome.
A comparatively small investment at this stage can ensure that requirements are met, cost understood, contingencies planned for and can avoid contractual disputes later.
From the bidder's perspective a model can:
- Be used as a planning tool to compare, optimise and prove design options
- Help avoid over or under pricing bids
- Help you understand fully what you are committing to
- Prove to your customer that your proposal is robust, allows for contingencies and meets requirements
- Demonstrate to the customer that your proposal is more thoroughly planned than those of your competitors
- Allows the impact of late customer requirements changes to be evaluated
A model can resolve all these issues and make your bid stand out from the rest. A model used in a tendering process can then be re-used for similar tender responses or extended into a detailed operational model once the business is won.
From the perspective of the tender issuer, a model can be used to:
- Be sure that plausible sounding proposals will actually deliver the required results - especially if the project is new or unique
- Select the best proposal from several tender responses
- Understand and quantify your financial risks and the sensitivities to possible eventualities to improve contingency planning
- Improve and re-negotiate the proposals that are received.