Do I Need an RFP Consultant?

April 10, 2019

How hiring an RFP Consultant can benefit your business

An RFP Consultant can help you navigate the difficult field of government contracts. Solicitation bids can range in scope and size. They can also be presented in the following formats:

What’s required for an RFP?

RFPs can often be a difficult and daunting prospect for any organization looking to venture into the world of procurement. An average, a solicitation response can require over 10,000 words. Additional documents need to be attached and sometimes designed, too.

Standing out from the crowd can be difficult in bidding. Having an RFP Consultant on hand to guide you through this process can be very beneficial for your business’ growth.

Managing RFP submissions and searching for opportunities whilst handling your organization’s daily operations can be difficult. Having an RFP Consultant to alleviate this stress can be one way to ensure growth in public sector solicitation.

If you have never been involved in the RFP process before, it can be daunting knowing where to start. There’s a lot of market and procurement terminology used within the RFP or RFI documents. An RFP Consultant can help make this process easier, alleviating the workload and providing an RFP breakdown.

An RFP is a unique opportunity for a vendor. It allows you to craft a pitch that highlights the strengths of your organization. You can detail your products and services, and why they’re the best, to an audience that is actually listening.

Below are the benefits that working with a bid consultant can bring to you and your organization.

What is an RFP Consultant?

One of the most frequently asked questions we receive is ‘Do I need an RFP Consultant?’ To answer that, it’s first of all necessary to break down what an RFP Consultant is, and their responsibilities. An RFP Consultant carries out the following:

  • RFP Writing

One of the major aspects of RFP submissions is, of course, RFP writing. RFP Consultants can work alongside your business to develop high-quality, detailed responses that help you stand out from your competitors. They are experts in knowing what’s required and how to best convey it to the contracting authority.

Here at Hudson, we have a team of expert RFP Writers. They operate across multiple different sectors, working alongside your business. They can create stand-out detailed and technical content especially for you.

  • Opportunity tracking

RFP Consultants can also take the strain of hunting for opportunities off your hands. They can work alongside your business, understanding every key aspect of your operations, tracking opportunities that are relevant to you.

  • Managing bids

RFP Consultants can help you with managing your bid submissions on an ongoing basis. This involves organizing all of your company literature, developing detailed case studies, tracking opportunities, writing responses, and assessing strategic growth.  A primary response document will often detail Service Level Agreements, key performance indicators, and service delivery.

Outsourcing this to an RFP consultant can provide your business with breathing space to carry on with its normal operations. You can take confidence in knowing all your RFP response endeavors are being looked after by experts.

Understanding your strategic goals

Although this sounds simple, understanding what strategy to take in public sector solicitations can be vital. It can help you in hit the ground running, seeing consistent growth. Enlisting an RFP Consultant who is invested in your business’ growth can assist you with the following:

  • Understanding your main competitors

Understanding your key competitors and what it is they offer can help you stand out. RFP Consultants can assess this for you, helping you understand the direction you should be taking to submit winning responses.

  • Breaking down RFP documents

Although this doesn’t sound like a huge challenge, RFP documents can often be well in excess of 50 pages long. Depending on the contracting authority, they may have very specific requirements. RFP Consultants can go over each aspect of the RFP documents with a fine-tooth comb. They can ensure every aspect of what the buyer is looking for is covered.

  • Enhancing your bid/no-bid decision making

Understanding the right bids to go for can save your organization a lot of time, money, and effort. RFP Consultants can help you with refining your approach towards the decision-making process. They can help ensure that the opportunities you go for are right for you and your business.

  • Researching the incumbent vendor

This can be vital in ensuring your strategic approach to writing winning bids. RFP Consultants can conduct thorough research into the incumbent vendor of contracts. They understand what’s needed in order for you to go above and beyond what they provide. Contractors are looking for proposals that promise a better more efficient way of carrying out the service than what’s provided. If you’re able to convey this, then you’ll likely score highly in your submissions.

  • Keeping on top of market changes

Staying ahead of legislative changes can be vital to ensuring your bid strategy remains current. It can also help you plan ahead for market changes. RFP Consultants can remain abreast of all legislative changes and ensure that your strategy is aligned with all market changes. They can assess all changes and provide you with insight into the impacts this can have on your business. Moreover, they can help you understand certain changes that you need to be aware of. Understanding your strategic goals is vital to ensuring your success in public sector bidding.

Assessing previous RFP responses:

Seeing a lack of consistent success in your RFP responses can be a frustrating affair. Not taking the time to step back and understand why can lead to you consistently repeating your past failures. Hiring an RFP Consultant to help you with this can provide you with:

  • An analysis of past failures – RFP Consultants can go over your past responses and work out trends. They will assess your feedback from past buyers and feed this into a strategy for positive change moving forward. There may be aspects of your responses that are scoring you lower than your competitors. For example, you may be forgetting to mention key aspects of your organization such as relevant experience, accreditations, or processes.
  • Conducting an analysis of past success – Receiving feedback that you lost an RFP can often be hard to take. Especially when you feel like you have put plenty of time and effort into developing your responses. However, hiring an RFP Consultant to look over your past responses can help you in future. Not every loss needs to be taken in a negative sense. There may be aspects of your responses that you are scoring really well on. An RFP Consultant can help you build upon these aspects, playing to your strengths whilst helping improve other aspects.

Assessing added value:

A key aspect of developing a winning submission is going above and beyond what the buyer is expecting. RFP Consultants can help you assess what added value you can bring to the table. They can help demonstrate how your organization goes above and beyond other competitors.

For example, RFP Consultants can assess your company’s unique attributes.  They can help you in assessing and establishing your organization’s unique selling point[s]. This can help you stand out from the crowd. Whether it’s a particular wealth of experience in previous contracts you have or specialist individuals who work for your company. Or, if it’s innovations you can provide, establishing and implementing this into your responses can help strengthen your RFP submission.

A well-crafted RFP response can be your organization’s next major project win. It can help secure a pipeline of work for your firm, allowing it to grow and develop.

How you can get the most out of hiring an RFP Consultant

If you decide to hire an RFP Consultant, there are a few things you can do to optimise the interaction. These include:

  • Know your business and industry inside and out. An RFP Consultant is unlikely to be an expert in your industry. However, they are experts in writing RFP proposals.
  • Providing them with all your business’ information, policies, and qualifications. Being prompt with your response in relaying information and important documents can help you both in the long run.
  • Stick to agreed deadlines. Try your best to stick to agreed deadlines, be that for sending over information or meetings. An RFP Consultant often has great time management and multiple projects on the go at once. Sticking to agreed deadlines can help them stay on track, writing you a winning response.

RFP Consultants can be massively beneficial for any company looking to outsource its bid strategies to specialists. Whether it’s a lack of time, knowledge about RFPs, or writing capabilities. We can provide you with bespoke RFP consultancy and assistance that can help your business tackle the world of procurement.

Whatever the sector, get in touch with our RFP Writing Consultants today for further information.

Looking for support with your next bid?

Sometimes you just don’t have the time, resources, or experience to formulate a winning response. Luckily for you, we provide three bid and RFP writing support services. Our Bid Writing Consultants have over 60 years of bid writing experience and an 87% success rate. We can help you see success with your next bid.

Our services

RFP Writing

Our RFP Writing service is the perfect solution to ensure that you submit a high-quality bid, even when you’re busy. Our RFP Writers will break down the solicitation documents, allowing you to see what the bid and the contract involves. This will help to ensure that you have all the specified evidence and meet the requirements of the contracting authority. Our RFP Writers will then craft persuasive, high-quality responses, attach supporting evidence and even submit the bid on your behalf. Upload the solicitation documents for a free quote.

RFP Mentor

Have you already written a bid but need a second pair of eyes to review your work? Our RFP Mentor service will do just that. Simply send over your bid responses and the solicitation documents. Our writers will then assess your work, ensuring that your responses are in line with the specification. They will also check for any spelling or grammar errors. You can then submit your bid with confidence. Upload your work for a free quote.

Proposal Ready

Do you need help with preparing a bid proposal? Proposal Ready can help businesses that are new to tendering or those in need of rejuvenating their content. Our Bid Consultants can offer you proposal writing services, creating:

  • 3 designed and company-branded case studies
  • 5 company branded and professionally designed resumes for key personnel
  • 1 company-branded bid proposal credentials document that can be used to respond to future RFPs.

Find more helpful tips and advice in our blogs. We cover topics including:

 

All information and data on this blog site are for informational purposes only. Hudson Outsourcing LLC makes no representations as to accuracy, completeness, suitability, or validity, of any information. Hudson Outsourcing LLC will not be liable for any errors, omissions, or any losses, injuries, or damages arising from its display or use. All information is provided AS IS with no warranties and confers no rights.

Hudson Outsourcing LLC will not be responsible for any material that is found at the end of the links that may be posted on this blog site. 

Because the information on this blog is based on Hudson Outsourcing LLC’s own opinion and experience, it should not be considered professional financial investment advice. The ideas and bidding strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Hudson Outsourcing LLC’s thoughts and opinions will also change from time to time as the market changes and as Hudson Outsourcing LLC develops.

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