Denis P. O'Donovan, Jr.’s Post

Determining how to grade submissions to an RFP or IFB is an essential part of your procurement process. BidScore analyzes your solicitation, extracts relevant scoring criteria, and references the corresponding parts of the solicitation to make it easy to navigate with confidence. Want to see it in action? Let us know and we'll run one of your RFPs through the system and show you!

Feeling like the quality of your #RFP responses aren't meeting your standards? We have just the thing for you. 🔥 This #FREE RFP template is made by our experts who have read through and answered hundreds of RFPs. With our RFP template, you can focus on what matters most: securing the best solutions and value for your organization. Download now 👇🏼 https://hubs.li/Q02F_mxD0 #GovTech

Know the difference between an RFQ or an RFP in business? Neither did we! It's hard to track all the acronyms. But these are fundamental terms in the world of business procurement. A Request for Quote (RFQ) is like a shopping list for specific pricing details when you know what you want. A Request for Proposal (RFP) is for complex projects, focusing on finding the right partner based on capabilities and compatibility, not just cost. Selecting the right process for procurement is important. Here's our guide that breaks it down, and a way to streamline the process: https://lnkd.in/gmY3YnU5

The #1 mistake I see procurement teams make with their RFPs is being too shy. Not asking enough questions about the particulars. Not asking about actual use cases for features. Not digging deeper to understand the practical aspects of what they're potentially buying. Keeping quiet during this process can have a significant negative impact with whichever supplier you end up going with. But this can be avoided if you figure out the process to come up with the right questions to find the true value in your suitors. Check out the video below to hear the story of a recent situation I encountered with a consulting client, and the approach to take to make sure this doesn’t happen to you the next time you send out RFPs.

Key checks when crafting an RFP package. 1) Get complete requirements from the business and align with all stakeholders involved right from the beginning. Avoid a scenario where you have asked your team to launch the RFP but the supplier comes back saying that it is incomplete information 2) Align on the scoring criteria and include that in the RFP as a beat practice. This ensures that the supplier is aware of the critical scoring and incorporates that in bid submission 3) Discuss the overall project timelines with the key stakeholders and make sure to include all key dates clearly in the RFP document RFP launch timeline, questionnaire deadline, any Q&A round, due date, bidder presentations, etc. 4) All the necessary documents mentioned in the scope must match with the attachments that you send as part of the RFP package Feel free to add in comments. #procurement #RFX #akhilakarra

Is your conference RFP including “wish list”? I created a process that helps companies built databases so “wish lists” can become fact lists.

Mistakes in the RFP process can cost your organization dearly. Learn the top mistakes to avoid from our procurement experts who manage 100+ RFPs per year for our clients. Download the guide now – https://bit.ly/426O7Ni #requestforproposal #strategicsourcing #itprocurement

New in RFP Plus: Learn how our new charts enable you to identify trends and pinpoint bottlenecks impacting your RFP process. Check out our blog! https://buff.ly/3Qbu1Mn #RFP #Procurement

Working on a tech RFP? Grab your free guide to discover the top mistakes to avoid and improve collaboration between IT and procurement. - https://bit.ly/3Sbl06Y #requestforproposal #strategicsourcing #itprocurement

Mistakes in the RFP process can cost your organization dearly. Learn the top mistakes to avoid from our procurement experts who manage 100+ RFPs per year for our clients. Download the guide now – https://bit.ly/3U7PJo8 #requestforproposal #strategicsourcing #itprocurement