Do make the commitment to respond. Regardless of the number of proposal professionals you bring in, your company needs to be available to ensure that what is being written accurately reflects your solution. Proposal professionals need access to past performance details, resumes and SME’s to write their sections. Therefore, the people in your company who can provide these details need to be available for questions. With response times running about 30 days on average, your folks will most likely be working late or on weekends to complete writing assignments. Ultimately, this is your company’s response, and you need to be accountable for what is promising.
Do your homework ahead of time and make an initial Bid/No Bid decision. The last thing you want to happen is two weeks in, you learn that you don’t qualify or can’t bid. You still need to pay for the services and in the end you’ll end up with no business. If you are unsure of what the qualification and criteria are, go ahead and invest in a few hours with a strategist who can help you make this decision. Most proposal companies have access employees who can help with this. It’s inevitable that an amendment of some sort will be issued, or that some of the criteria will have changed from the draft RFP to the final, but 90% of the time these are minor changes and can easily be accommodated. Any major issues or deal-breakers should be identified as soon as possible.
Don’t wait until the last minute before asking some proposal support person for help. Anyone who has worked on an RFP can tell you that time is precious. If you have 30 days to respond to an RFP, and you wait a week after the release to even start your response, chances are you are already late to the game. However, if at this point, you must still put a response out, be prepared to shell out additional funding for last minute or extra resources needed to complete the response.
Don’t forget the pricing. Often times, everyone is so focused on compiling the solution’s response that pricing is left to the last minute. It is important to note that most proposal writers and managers will not touch the pricing volume. If you are responding to the RFP as a single vendor and not as a team, chances are you can handle pricing in-house. If you are have multiple teaming partners or have never put together pricing, consider bringing a Pricing Volume Lead onto the team to help you coordinate and put together your pricing volume. There are also proposal professionals who specialize on how to price your proposal to win.
We hope that you’ll find these Do’s and Don’ts both relevant and helpful as you decide how you should best respond to RFP’s. Though you will probably have to deal with pricing eventually, our list should help you determine whether or not that time is now. Use your resources wisely as you vie for your next proposal win.