How award notices can help you stay ahead of the competition
illion TenderLink Blog
by Sarah Hagan
2M ago
After a buyer awards a tender, sometimes they’ll issue a formal award notice, advising bidders who won the contract. This award notice may include the following information: The name of the organisation who won the tender Dollar value of the tender submission Contract details Start and end date At illion TenderLink, we encourage buyers using our service to publicise award notices. Not every tender notification service does this, but we view it as a matter of professional courtesy to ‘close the loop’ and provide full disclosure back to those who took the time to submit a proposal. However, we ..read more
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SMEs win more Australian Government tenders
illion TenderLink Blog
by Sarah Hagan
1y ago
In its Statistics on Australian Government Procurement Contracts, the Australian Government reveals that it published 92,303 procurement contracts with a combined value of $80.8 billion in 2021-22. Out of these contracts, $24.9 billion or 30.8% were awarded to small and medium enterprises (SMEs). The Australian Government has seen a year-on-year rise in SME participation in Commonwealth procurement over a six-year period. In 2016-17, it awarded 34,621 contracts to SMEs, while in 2021-22, this figure had risen by 47.1% to 50,921 contracts. Source: https://www.finance.gov.au/government/procur ..read more
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Tender Talk: August 2022
illion TenderLink Blog
by Sarah Hagan
2y ago
The post Tender Talk: August 2022 appeared first on illion TenderLink ..read more
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How to win a tender – 7 things to check when you bid
illion TenderLink Blog
by Sarah Hagan
2y ago
Putting together a good tender proposal takes time, thought and meticulous preparation. As the saying goes, the devil is in the details. One small oversight can result in a bid being rejected immediately Below are 7 important things to check when bidding for a tender. 1. Read the tender carefully Thoroughly examine the entire tender document. This details all of the buyer’s requirements. If anything is unclear, contact the buyer to resolve any queries you have before you submit your bid. 2. Research your buyer Find out as much as you can about who you’re bidding to. What do they really want f ..read more
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5 reasons you should bid for tenders
illion TenderLink Blog
by Kayla Shields
2y ago
Tens of billions of dollars’ worth of contracts are published by the private and public sectors every year. This provides a massive income potential for businesses, even if you operate in a small or medium-sized company. Five reasons why your business should be bidding for work. Increase revenue Tenders offer a huge opportunity to secure a steady stream of income. One large contract could potentially supply most of your business’s revenue and mitigate the need to further advertise for a particular part of your product or service. Also, if you win a tender from a public sector client, the risk ..read more
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Tender panel arrangements explained
illion TenderLink Blog
by Kayla Shields
2y ago
Procurement is increasingly being conducted through panel-based arrangements, especially by governments. To be included in these ‘closed shops’, it is important to understand how such arrangements work. What is a panel arrangement? According to the Australian Federal Department of Finance, ‘a panel arrangement is a tool for the procurement of goods or services regularly acquired by entities. In a panel arrangement, a number of suppliers are selected, each of which are able to supply identified goods or services to an entity’. Tender panels comprise a selection of pre-qualified providers, who c ..read more
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Tender Talk: March 2021
illion TenderLink Blog
by Kayla Shields
2y ago
The post Tender Talk: March 2021 appeared first on illion TenderLink ..read more
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How To Write a Winning Tender Response
illion TenderLink Blog
by Kayla Shields
2y ago
I’ve found an open tender that’s perfect for my business – so how do I write a winning response? As a supplier, responding to a tender and earning a place on the buyer’s shortlist is certainly no easy feat, and RFTs and tender responses can vary hugely depending on the industry. While there’s no one-size-fits-all template for a successful bid, there are plenty of best-practise tools and techniques that may help improve your tender win-rate.  Let’s take a look at some of our top tips for developing a winning bid. Understand and focus on the Buyer’s needs Before you even put pen to paper ..read more
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Tender Talk: December 2020
illion TenderLink Blog
by Kayla Shields
2y ago
The post Tender Talk: December 2020 appeared first on illion TenderLink ..read more
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Reading Tender Documents – What’s Important?
illion TenderLink Blog
by Kayla Shields
2y ago
So you’ve found a tender that peaks your interest – great! The next step is to read through all the documents before responding. But what are they all, where should you start, and why are they important?  A Request for Tender (RFT) often includes many different types of documents, which can vary depending on the buyer organisation, the industry, and the nature of the work itself. The sheer volume can be overwhelming, but you can generally break the documents into six mai ..read more
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