As government budgets and reach into the public sphere continue to grow every year, contracts to supply governments with goods and/or services are becoming increasingly common and accessible, opening up a wealth of opportunities for businesses of all sizes.

Furthermore, like all the other aspects of our daily lives, the publication of these government contracts (sometimes called tenders or RFPs) as well as the process of submitting bids to win them is shifting dramatically toward online platforms. Under the right circumstances, these platforms can streamline the process, broaden accessibility, and reduce overhead costs for businesses seeking to discover and fulfill government contracts.

For those seeking government contracts online, we recommend Tenderwell, a specialized platform that aggregates and publishes government tenders from across the globe on a daily basis.  

In this article, we’ll explain exactly how to find opportunities for your business and successfully submit winning bids.

Understanding the Basics of Government Contracting

Every day, government agencies make the decision that they need to invite private sector businesses to provide them with services and goods or to implement projects. In an effort to maintain transparency and ensure the public the best value for money, these contracts are often put up for public bidding, sometimes known as government tendering or government contracting.

The first element of a government contract is, of course, a description of the needed goods and/or services.  However, it is important to understand that most government contracts online also come with a detailed list of eligibility and compliance requirements. 

In some cases, eligibility may require the bidder to meet certain thresholds, such as being a veteran-owned or minority-owned company, SME, or Voluntary, Community and Social Enterprise (VCSE).  Compliance requirements can involve issues such as having a given certification or qualification as well as the need to adhere to certain regulatory requirements.

For instance, this tender highlights the appropriateness of the contract for SMEs and VCSEs.

Key-takeaways:

  • Government contracts come in a full spectrum of needs and requirements
  • Understanding eligibility and compliance requirements is key for government bids
  • Tenderwell’s search and filter functions make it easy to find opportunities that match your company’s needs and abilities.

Tenderwell, the online platform for government bids, makes it much easier for companies to find available contracts for which they are qualified thanks to its powerful search function and advanced filtering options.

The platform also indexes documents, allowing you to perform keyword searches to uncover the maximum number of relevant tenders and supporting documents.

 Whether it’s the scope of the project, its deadline, budget, classification category (CPV), or required eligibility or compliance issues, Tenderwell makes it simple to find opportunities that meet your company’s business strategy and capabilities.  With Tenderwell, you never lose valuable time and effort when searching for government bids that match your company’s skills and abilities.

Navigating Tenderwell for optimal results

At first glance, any new website can be confusing, but this is not the case for Tenderwell, which is designed with a clear and intuitive interface to make navigating the massive volume of government contracts as simple as possible.

Tenderwell can be used “straight out of the box” without even having to register an account, but some of its more powerful features and capabilities are only available to registered users and subscribers. By the way, each user cancustomize their own Tenderwell plan to meet their organization’s needs.

Right from the main menu, it only takes a couple of clicks to begin searching through the available government contracts.

Organizations can filter the results in a number of different ways, including:

  • By location
  • By procurement sector
  • By budget
  • By deadline

... and other criteria in order to find specific opportunities. 

Key takeaways:

  • Tenderwell is simple and easy to use
  • You don’t even have to register to start searching for contracts
  • Subscribers get access to tools like custom alerts and notifications.

Subscribers can also take advantage of Tenderwel’s alerts and notification system to have newly published contracts that meet their criteria sent to them as well as set up personalized recommendations. Subscribers can also use Tenderwell's tracking system to monitor the progress of their bids and keep up to date on any new amendments or requirements for that particular contract.

Strategies for successful bidding on government contracts with Tenderwell

As discussed earlier, the most important thing when preparing to bid on a government contract is that your company meets all the eligibility and compliance requirements. Beyond that, however, it is essential to fully research each contract to make sure it aligns with your business strategy, fits in your budget, that you can meet the deadlines, and that you understand the process of how and where to submit your bid.

All of the government contracts online that are published by Tenderwell include all the requisite information and how and where to submit the bid, including formatting requirements and/or mandatory templates to use.  This greatly reduces human error when submitting government bids and also saves companies a lot of time because all of the information is just one click away.

Key takeaways:

  • A little bit of research goes a long way to finding the right contract
  • Tenderwell gives you all the information you need on where and how to submit a bid
  • Tenderwell makes it easy to monitor and follow up on your government bids.

But what is perhaps Tenderwell’s greatest strength is the ability to research competitors and previously awarded contracts. Finding opportunities is one thing, but having a powerful research tool to help your company craft a stronger bid is an incredible competitive advantage to have.

Lastly, Tenderwell makes it very easy to keep track of all the bids your company has submitted for a government contract, including updates as well as maintaining communication with the relevant government procurement officers when necessary.

In conclusion, as the publication of government contracts and the bidding process continue to transition online, platforms like Tenderwell have become essential tools for businesses looking to gain a competitive edge.

The Tenderwell ecosystem makes it easy to find suitable contracts as well as all of the necessary information and formatting requirements to submit a bid, and its tracking system ensures that you can monitor your progress while maintaining communication with relevant government procurement officers.

If you’d like to learn more about how Tenderwell can help your company find government contract opportunities,contact us today.