Showing posts with label housewares. Show all posts
Showing posts with label housewares. Show all posts

Tuesday, December 7, 2010

Strategy for Winning Home Supplies Tenders

Getting information today has become very easy so everyone will grab the home supplies tenders or other related tenders for their business effortlessly. But what matters next to this is writing, proposing and collection of supporting documents so that your bid stands out among the others and you get the project for which you are fighting. Following are some points that should be kept in mind for winning a tender.

Check for the Detailed Product Description

For whatsoever number of times you have been credited with winning proposals for your business, every time just read the product details very accurately so that you do not miss out anything. Mark any specific specification, cost or other description that is said mandatory. Put extra emphasis on this part while documenting.

What is the Total Earnest Money?

Earnest money is the amount given by the buyer to seller for binding any contact and if this money is too high then you might be bit reluctant to block the huge amount for the project. But here also consider the worth of the entire project as anyhow you will get this earnest money back within certain specific period of time. In case your home supplies tender gets accepted then this earnest money may be then kept as security deposits.

What Documents are required?

This part needs your attention in detail as the documentation will act as a backbone to the entire tender proposal. In certain specific tender registration or authorization of your company is also required. Also there are other legal things that are demanded in home supplies tenders. So before staring the process of documentation get the pre tender briefing if possible or double check the type of documents required as any wrong collection and submission will not only waste your time but also reduce your chances of getting the proposal.

Time Required to Complete the Project

Again think on this prospective by looking at your present as well as future business conditions. If the proposal is related to the manufacturing of the project then check out the time to manufacture the product, amount of raw material, resources and manpower requirement. Also whether with all your resources will you be able to complete the project on time. Know the consequences of not completing the project on time.

On the other hand if the home supplies tender is related to certain product that is to be exported hen make sure to add possible delays.

Non Transferable Home Supplies Tenders

Tender documents are non transferable so if you are planning to submit it by the name of your other company you will not be allowed to do so. For this you will have to make a new proposal and then do the submission.

Dates to Collect and Submit the Tender Proposal

This is also one of the most important things. Think you have collected every document but forgot to submit the bid on time. The result can be a total denial of the tender notice which can be a very serious issue. All your efforts will get wasted. So always pay attention to the date of collection as well as submission of the tender. Write these dates in bold at a place just opposite to your desk so that you see these daily and every time.

Thus becoming specific and going step-by-step can help you in having a winning home supplies tender proposal.