These days, it’s safe to say that securing government contracts and delivering services and goods for them is big business for private-sector enterprises. Governments are increasingly looking to outsource their needs in order to ensure value for money and provide cost savings to taxpayers.
But to qualify for a government contract, a number of hurdles must be cleared. Some contractor requirements include compliance with legal and regulatory mandates, meeting eligibility standards, and submitting bids in the proper format and style. Not to mention the pressing deadlines.
In our modern, digital world, the majority of government intentions to procure goods and services are published on the internet in the form of what’s known as a public tender.
Thankfully, Tenderwell makes it easy for businesses of all sizes to find government contracts suitable to their needs and capabilities, and ensures that they meet all of the qualification standards, including regulatory compliance and proper formatting.
Understanding qualification requirements
Every government contract is constrained by a number of factors, including budgets, deadlines, regulatory mandates, and, of course, the need to serve the public’s interest. As such, government contract qualification requirements are those factors—legal, financial, and operational rules—that businesses must meet.
Online platforms like Tenderwell which specialize in aggregating published government tenders, are designed to make it simple to see all of the eligibility requirements at a glance.
Furthermore, Tenderwell allows you to filter published contracts (or tenders) so that you can quickly discover the ones for which your businesses are eligible.
But government contracts often go beyond just the eligibility criteria. They often contain additional clauses of mandatory requirements such as:
- Certifications (including minority-owned, woman-owned, or veteran-owned)
- Mandatory registrations (e.g. DUNS, SAM) for procurement contracts.
Lastly, many government contracts include not only eligibility criteria for bidding but also for the implementation and post-implementation of a given project.
These criteria may include the need to form a consortium (especially for bigger projects), conduct an independent third-party assessment, or provide after-action data to measure the success of the contract’s implementation.
Understanding and ensuring that your business can and will meet the contractor requirements is not always straightforward, which is why savvy organizations rely on platforms like Tenderwell where all of that information is available at a glance, with only one click necessary to conduct further research.
Navigating public tender websites
In the United States alone, there are hundreds of different websites and portals where government contracts are published, including tenders from counties, states, and the federal government.
And, of course, there are many more similar websites for government contracts from the European Union, individual European countries, and other regions of the world.
Fortunately, Tenderwell aggregates all of these contracts in one easy-to-use interface.
Whether your specialty is in delivering goods to remote areas of Africa or to downtown New York City, Tenderwell makes it a snap to search for and find relevant government contracts based on your organization’s business strategy and capabilities.
Once you become a registered user on Tenderwell, the platform gives you a number of powerful search and filtering tools so that you can quickly find relevant government contracts. Tenderwell users can even set up alerts so that they are notified as soon as desirable contracts that meet their criteria are published.
Submitting competitive bids
After you’ve found a tender and have reviewed all of the eligibility criteria, the next step is submitting a competitive bid.
But how can your business maximize its chances of submitting a competitive bid? After all, there are a lot of competitors out there, and there is no way of knowing what their bid looks like until after the government contract has been decided.
The first step in submitting a competitive bid is ensuring that you have a strong proposal that is both formatted according to specifications and includes all of the technical and pricing components.
However, businesses often see their bids fail because they neglected to include these components or as a result of human error.
Thankfully, Tenderwell can help your business boost its chances by providing relevant tender-related information, including:
- Where and how to upload documents
- Which documents are needed
- +any mandatory templates or formatting requirements.
Furthermore, Tenderwell gives businesses a leg up when it comes to determining price because the app has powerful research functionalities that let you see the previously awarded projects, their value, and the biggest competitors.
Between the research functions and the assurance that your bid will comply with all of the relevant submission guidelines, Tenderwell is the ideal tool for any business that wants to submit strong proposals at a competitive price point without sacrificing the need for profitability.
In a nutshell:
Tenderwell is the one-stop shop for private sector businesses of all sizes to:
- Find government contracts (thanks to advanced filtering tools as well as the ability to set up notifications for relevant contracts).
- Ensure adherence to government contract qualification requirements.
- Submit a strong proposal to win those contracts.
If you’d like to find out how your business can improve its chances of finding, qualifying for, and winning a government contract by using the Tenderwell platform, do not hesitate to contact us today.