The World economy is growing with huge steps. Not just the United States of America or the United Kingdom, every country is making sincere efforts to grow into a developed nation. Because of this, tenders are floated from time to time by the government of different countries with respect to infrastructure as it a key part of development.
What are Drilling Rigs?
A drilling rig is a machine that creates holes in the surface of the earth. These are used to drill holes for oil wells, water wells etc., and are also used for sampling sub-surface mineral deposits, test rock, soil and groundwater physical properties. So, the global tenders for drilling rigs are floated by several organizations very often as it plays an important part in the economic development of a country.
Things to Keep in Mind to Bid Successfully:-
1. Register Yourself:
The first and the foremost thing is to register your organization or team with the concerned authority that is responsible for finalizing the tender. There are several authorities that require a proper registration first and only then would they allow you to fill the quotation. There had been scenarios in the past when the authorities have rejected the quotation due to the absence of registration. So, make sure that you do not face a rejection because of this.
2. Stay Updated:
Since you would be competing on a global platform, it is important that you analyze and stay updated about the latest trends in that city or country. A minor change in the rules and regulations of policies like taxation etc. can drastically affect your quotes.
3. Read the Instructions Carefully:
When defining the quotation proposal it is very important to consider all the instructions given by the issuing authority. Failing to do so can lead to rejection of your proposal. So, every contractor should pay attention to every single detail that goes into the quotation.
4. Showcase the Positive Aspects of Your Business or Organization:
Besides the right quotes and the plans, your abilities are one of the key factors that work to fetch you the contract. So, it is essential that you showcase the positive aspects and capabilities of your team or organization.
Giving references is a great idea to showcase your talent. This gives the deciding authority a chance to define your capabilities based on your past work experience. You can provide the contact number of the past work as this may work in your favors.
5. Decide the Quotation Wisely:
The cost of the project is a major point that defines your suitability for the project. This is based on the research you have done about the market and the insights that you could draw from it.
Also, one should submit quotes keeping in mind his own profit. While estimating the quotes ensure that you have an extended bandwidth to accommodate any kind of extra costs incurred during the completion of the project.
6. Keep a Copy of Your Documents:
When submitting the quotes, keep a copy of all the documents as well as the proposal. It serves a dual purpose as firstly you have a backup in case the first copy is lost and secondly, if you bid the tender successfully, you can use the same documents as a reference for other tenders.
