Contract Pricing, Inventory, and More What Proposal Software Can Do For You
People in the contracting business will tell you just how difficult it is to secure a contracting bid, especially for government bidding opportunities. A government contract bidder has on average a 12% chance of securing the contract. Needless to say, those are not great odds. Contracting companies are always looking for new and better ways to convince one of the 200,000 cost analysts and application reviews across the country that their company is the right one for the job. There are approximately 2,000 government agencies out there, most of which grant contracts. Bidding on government contracts is a struggle in itself. For all the work that is required to be even considered for the job, there is simply no guarantee that it will amount to anything.
From contract pricing to business plans and insurance information, much is required from a prospecting contractor. When responding to a Request For Proposal (RFP), a contractor has to provide considerable documentation and present it in a way that is easy to understand. The process requires intimate attention to detail as well as organization. Much easier said than done.
With proposal management software, however, the process is much easier to handle. Proposal creation software collects the needed documentation, organizes them, and even generates customized presentations for the application. Proposal management software handles everything from contract pricing to checking for duplicate or missing information. Contractors who use proposal pricing software have an advantage over those who don’t. When a response to a RFP is considered, the reader wants to know exactly what the contractor brings to the table in a short amount of time. Proposal software is just the tool contractors use to wow the reader into submission.
What do you think about proposal software and RFPs? Do you know anyone in the contracting business? Feel free to leave a comment or question at the bottom for more information.