suppliers

Tender Forecasting

deadline-stopwatch-2636259_1920A little heads up can go a long way in the world of public sector tendering. Suppliers usually rely on Prior Information Notices (PINs) to give them a heads up that a contract was soon to be out there to bid on.

PINs are a great way to prepare for a bid response, but the time a supplier has to prepare their bid off the back of a PIN can vary: some PINs can be live for as little as a month before the contract notice comes out.

The longer the supplier has, the better position they are in to make a successful bid. That’s why Tenders Direct has launched Advance Tender Alerts.

Advance Tender Alerts provide suppliers with notifications of tenders, related to their business, up to six months before they expire – covering both above and below threshold opportunities.

Acting as a tender forecaster, Advance Tender Alerts allows businesses to:

  • Engage early with buyers to build a relationship
  • Have extra time to work on their bid response
  • Join forces and plan a bid strategy with other smaller suppliers
  • Stay ahead of the competition

The information provided as part of the service is particularly useful, detailing what authority published the tender, what the tender was for and the ‘D Day’ for when the contract is expected to expire. The new feature is able to provide this for all tenders issued with an end date over the past five years – all 400,000  of them!

The new feature is available as an add-on to annual subscriptions to Tenders Direct. Find out more about Advance Tender Alerts or call 0800 222 9010 .

 

2 replies »

  1. This would seem to be a very useful service. However I think the description has confused the terms “Tender” and “Contract” – is the “end date” referred to the originally stated Contract expiry date or the stated deadline for receipt of Tenders ?: Elsewhere I think the word “Tender” should be replaced by “Invitation to Tender (ITT)” or “Contract Opportunity”.

    • Hi Digby, Thanks for your feedback! The end date is the contract expiry date/end date rather than the deadline for receipt of tenders.

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