What should a business consider before bidding for a contract?

[Min George]

Some businesses take up contracts that involve big jobs beyond the regular. Those contracts always give more money than the regular jobs because the job volume is higher. Almost any business sector has contracts available to be taken by businesses in the sector.

What does a business have to consider before it decides to bid for a contract?

 

[Trush Jodie]

The business should consider it's capacity to deliver the contract according to the specifications of the client. That involves examining the technicalities involved in the contract.

 

[Augusta]

You need to look at the terms of the business and he sure it is really what You can work with effortlessly

 

[Nomad]

You might have to bid for lowest amount to get the contract but you will have to see if it is possible to work for that kind of amount

 

[eLdavis]

I think before bidding for a contract, the company should check if they are capable of carrying out that contract.

 

[King Belieal]

Some contractors abandon contracts halfway because the contract was not viable. The viability of the contract must be really considered when bidding for it.

 

[magnus2022]

A contractor must check the technicalities and the cost before bidding for a contract. Some contracts is simply a death trap and not viable with a lot of confusing terms. You must know what you are entering into.

 

[Augusta]

Review the technical requirements and standards. and identify the criteria that will be used to evaluate bids. Note the submission deadlines, formats, and required documents.

 

[Fidelia]

Consider the timeframe that is required by the client to deliver the contract. And check if you have the capacity to deliver within such timeframes.

 

[Augusta]

Ensure the team possesses the necessary skills and experience to deliver the project successfully.