Bid/No-Bid Evaluation Services

Bid/No-Bid Evaluation

The bid/no-bid evaluation process provides an information-driven alternative to what might otherwise be an emotionally based decision to pursue open opportunities.

When organizations consider the viability of a federal or government contract proposal, contractors have historically lacked any formalized process for making a decision. Instead, decision-makers tend to trust their instincts for whether they should submit a proposal on any given project. This process provides a consistent and reliable alternative to replace or reinforce a gut-level business decision.

What Is Bid/No-Bid Evaluation?

Pursuing a government contract means undertaking a complex process that may involve prequalification, preparing a detailed and extensive cost estimate, and responding to a request for proposal (RFP). This process can be extremely time-consuming and require a significant cost and time investment.

Utilizing the services of a professional proposal management firm, you can significantly reduce the resources necessary to prepare and submit a responsive proposal. However, as those services still require a cost investment, companies must choose carefully which projects to pursue.

What to Consider?

The bid/no-bid analysis process may consider a number of variables, depending on the client, the project, and the contracting entity. Some of the most important considerations include:

Likelihood of contract award based on stated evaluation criteria
Cost of bidding on the project
Potential profitability of the project
Potential risks of the project
Financial capacity and sincerity of the contracting entity

Evaluations must also consider whether the client has the historical data to support a responsive estimate and the resources to complete the project successfully.

Finally, the evaluation should consider how closely the project aligns with the client’s mission, formal objectives, and goals (short-term, mid-range, and long-term).

Advantages of Using a Proposal Manager During the Decision

Organizations that have never adopted a formalized analysis process often have no idea where to start or how to establish their process.

The experts at Funding Ninja team can provide the basis for the analysis process and work with the client’s decision-makers to determine the viability of any given project.

Often, clients don’t realize what factors motivate them to make a decision to pursue a contract. When decisions are made based on politics, ego or hubris, the outcome can be costly — or even potentially devastating — to a small or mid-size firm. A truly objective analysis can help identify any potentially damaging motivations a client may be inclined to follow.

The evaluation process is also highly effective for helping clients through the learning curve that will advise future decisions. Ultimately, by using the tools and processes introduced by the Funding Ninja team, clients may elect to develop their own analysis procedure in the future. For many clients, however, our team consults during the bid/no-bid evaluation process for every project they consider.