Avoid 5 Common Mistakes When Preparing for Bid Proposal

A lot of tenders are being launched every year, be it public tenders or by some private organization. The information on all these tenders, right from their launching date to deadlines can be availed either from newspapers, magazines or an online tender directory. When applying or requesting for these tenders, many home owners or their employees are seen committing certain mistakes which might have a great impact on the result of their bid.

Make sure you avoid these mistakes while submitting the tender proposal:

1. Bidding Too High or Too Low:

If you really want to win a particular auction and get the electrical tender for your company, make sure you bid neither too low, nor too high. Bidding a much lower price for the tender may take the tender away from you to someone paying a higher amount. If the seller has set an unrealistic low starting amount for the tender and you know it’s worth a particular price, then quote the full amount.

Bidding too high for the tender which has no worth is also a wrong decision. Make sure you do your homework and find out the real worth of the tender. Then place a suitable bid and don’t offer more than that.
 
2. Submitting Incomplete Forms:

It is important to re-check all your forms to avoid missing out on any information. You might find many documents similar to one another, however the details inside may differ. Missing on any important detail might cancel your tender proposal and is considered un-responsive.

3. Certified or Outdated Documents:
 
Certifying all the necessary documents might consume a lot of time. But documents without the certification might disqualify your tender response and all your efforts will go in vain. Also, cross-check your form to make sure you have attached all the necessary documents asked by the government entity. Missing out on any compulsory documents may eliminate your electrical tenders’ bid response from the candidature.

4. Failing to Sign:

This is one of the most common mistakes applicants generally make when submitting tender documents. A lot of document needs to be signed by the applicant prior to submission. But many a times, one or two of them gets skipped and the unsigned copy reaches to the tender’s seller. This may disqualify the bid for proposal. Hence double check your documents before submitting it for evaluation.

5. Not Reading the Fine Print:

It is important to go through the fine print, especially to know shipping and handling charges. Before you place your bid for, make sure you are aware of both these fees. If the seller doesn’t include the fee in the listed tender, mail him with your zip code. Also, ask him to evaluate the fees to your location. Try to lookout for higher than normal shipping, handling and other unexpected charges.

These are some of the mistakes that business owners must certainly avoid when submitting proposal for electrical tenders. Winning the auction may result in a powerful business decision for your company.

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