6 Ways to Avoid Common Tendering Errors in Businesses

A lot of businesses find problems when it’s about finding a tender before it reaches its deadline. However, much has been changed in the last few years and tender information is no more confined to newspapers and magazines. One can easily find about the tenders, right from their launch to requirements to their deadline online. Some of the websites act as a detailed directory for tenders and list down all the tenders that are currently running; be it an Indian tender, a global tender or tender being launched for any sector like construction, power, etc.

Finding about power sector tenders is not where the work ends. Instead, the actual responsibility of businesses starts from here. Writing a good tender or request for proposal is one thing that matters a lot. However, when undertaking this task a lot of businesses are seen committing certain mistakes.

Few of these common errors are listed below:

1. Following an Incorrect Formatting and Presentation: Generally, businesses overlook the style of presentation when submitting an effective tender proposal, which is considered to be a big mistake. Following incorrect format can even lead the proposal to get strike out from the list.

2. Lack of Understanding About Customer’s Business: In the tender request, businesses need to demonstrate the problems a customer is facing and what they are trying to achieve. Writing generic submissions that don’t show any understanding about customer’s business is a big no.

3. Incorrect Assumptions or Unanswered Questions: Properly understand what the question means than assuming it all by yourself. This way, you will be able to answer what is asked; instead of what you perceive. Whenever in doubt, clear your queries with the customer. Besides, make sure you answer all the questions without being missing on any.

4. Providing Incomplete Information: Go through your power sector tender proposal repeatedly so as to not miss any information. Provide all the information about your business, number of resources you will be using to complete the tender, etc. Also, make sure you submit enough number of bidding copies.

5. Incorrect Cost Schedules: When submitting a tender proposal, you generally need to complete a pricing template. This makes various submission comparisons easier for the buyer. If you make a mistake in setting the template, your prices may not be accepted or marked correctly.

6. Offering Late Submissions: Focus on the deadline, right from the very beginning. This way, you will be able to submit the tender proposal much before the deadline. Avoid waiting for the last date of submissions. Late submission may disqualify your candidature.

Avoiding these above mentioned mistakes along with keeping some tendering aspects in mind can increases your chances of winning power sector tenders. Try to show a professional image when writing a tender proposal. Also, list some information about your company and business. Besides, it is important to make your submission relevant. This way, you will be able to form an effective tender proposal and might change the buyer’s decision in your favor.