The term bid refers to an offer made by an individual or corporation to purchase an asset (residential, industrial and commercial properties), including consumer goods, natural resources, real estate products (Building materials, equipment and decoration items) and services in various markets. Bids may also be made by companies, organisations or nonprofits that compete for project contracts. When a Buyer (or Tendering Organisation) makes a bid, they stipulate how much they're willing to pay for the asset along with how much they are willing to purchase.

Other Types of Bids
There is more than one way to make a bid. As mentioned above, the different types of bids depend on where the offer is being made. Some of the most common types of bids are Auction Bids, Online Bidding and Sealed-Bids.

NOTES

• • A bid is an offer made by an investor, trader, or dealer in an effort to buy an asset or to compete for a contract.
  • The spread between the bid and the ask is a reliable indicator of supply and demand for the financial instrument.
  • Market makers are vital to the efficiency and liquidity of the marketplace.
  • Bids can be made live, online, through brokers, or through a closed bidding process.
  • Types of bids include auction bids, online bids, and sealed bids. 

Buyers (or Tendering Organisation) and Sellers (Bidders) keep the real estate market going. Each participant facilitates the purchase and sale of assets (e.g. residential properties, industrial properties, commercial properties, building materials, building equipment, decoration items, etc.). Sellers are entities that provide assets for purchase. Buyers are those who want to purchase goods or services. These two parties normally come together at different venues to conduct their business, including tenders, auctions (live, online and sealed) and retail outlet.

The bid process depends on the market through which these goods and services are sold. For instance, companies make bids in order to win contracts for jobs. The bidding process involves sending out packages to interested parties.

These contracts may be issued by governments or large corporations for infrastructure, construction, and other projects in a variety of different industries, such as:

• • Public Safety
  • Telecommunication & ICT
  • Education
  • Social Services
  • Consulting & Management
  • Healthcare
  • Art & Crafts

NOTE: In some cases, bids that are made at an auction may be made in person or online, while investors may make bids through their internal sales department, brokers or agents. Some bids take place in secret, usually through a sealed process. This process allows for fair and conflict-free bidding.

There are a few different ways to bid on government contracts. You may have to register your company with the appropriate agency or website in order to compete for these jobs. Most government contracts are open for bids through a sealed-bid process, which means you can't see how your competition is bidding.

You can bid for the contract yourself through government bidding portals, which can often take a lot of time. You can also use a bidding service, which can provide you with information on various government contracts available in your area.

Auctions are forums that bring together multiple buyers who compete for certain assets, such as livestock, home goods, properties, property tax liens, and art. These venues are usually held in person but the rise in technology has made online auctions a reality.

Buyers who participate in auctions bid against each other in order to win the asset through an open bidding process. They do so by placing competitive bids in an attempt to beat out the other buyers. The person who bids the highest amount wins the auction.

Online bidding sites work just like traditional auctions. Sites like eBay, eBid, and QuiBids allow buyers to congregate in a virtual arena and make bids for products and services of their choosing.

For instance, someone may be selling a pair of designer sunglasses on eBay and starts an auction with a minimum price. Interested buyers can bid on the item with an amount they wish to pay until one person's bid is accepted by the seller. These sites normally require buyers to set up accounts and may also require payment card information.

Unlike the two types of bids noted above, participants in some venues aren't privy to how much their competitors are bidding. This is the case with sealed-bid auctions.

A sealed-bid auction happens when multiple bidders are given envelopes in which they place their bids. The envelopes are then sealed so no one bidder can knowingly outbid the other, making the outcome fair. The highest bidder is the one who wins. This type of bidding normally takes place for contracts or real estate sales.

NOTES:

• • A sealed-bid auction is a type of auction in which bids are not viewed until the auction date.
  • The bids are sealed, often physically in an envelope, and are all opened at once.
  • Sealed-bid auctions are generally used in bidding for government contracts.
  • Unlike an open bid, where buyers can make multiple bids and compete against each other actively, in a sealed-bid auction, they only get once chance.

Our global sales platform, allmday.com, provides all the real estate bid services you need to successfully compete for procurement contracts, works and services. Need to increase your chances to win a bid? contact us now and get the best deals. MDA provide the best and highest-quality bid services, including:

• • bid preparation and planning,
  • bid writing,
  • bid publishing and marketing globally, using the most advanced online supports,
  • Bid reviewing, proofing and improvement

Our bid services also consist of preparing and developing the bid documents using accurate and high-quality technical, commercial, financial economic and legal data collection from the proposed business industry (e.g. architecture, engineering, procurement or construction industries), data analysis and forecasting process.

NOTE: Our global real estate platform, mdaglobalrealestate.com, has a wide range of real estate products, including building materials, building equipment and decoration products, which can help you prepare the best and most competitive commercial and technical offers for your bid.

Engaging or instructing MDA or to prepare, write your bid is not a legal obligation. Some businesses try to keep costs down by avoiding using a consultant like MDA. However, it is well worth, considering the benefits we can provide. We always add values, providing the man power, know-how and experience, etc. you would need to prepare, write your bid to ensure it receives maximum exposure to respectively attract as many Buyers as possible.

We also deal with the technical, financial, ecocomic and legal data collection, manage your bid and oversee the entire development through to completion and submission. In short terms, we always find solutions to common issues and ensure all goals are successfully achieved. Hence, MDA makes you save time and money, while reducing your stress and anxiety. 

Preparing a bid for tender has always been a time and resource consuming. committing time and resources to it. However, there are a few things that you need to consider and do ahead of time, to increase your prospects of success:

• • Your Company or Organisation eligibility and suitability for the contract,
  • Market expectations
  • Understand and knowing the Buyer or Buying Organisation
  • Getting to know decision-makers and others within the Buyer Organisation
  • Knowing more about the competition
  • Making your Company or Organisation bid-ready
  • Keep business visible, credible and relevant
  • Gathering key technical, economic and financial information and data you need to include in your bid, and-all. 

Writing a tender involves a whole host of documentation, which can be overwhelming and an onerous task to complete, depending on the complexity of the project. It is important to first and foremost understand the tendering process and their requirements. Before you commence writing your bid after, make sure you:

• • carefully read the tender contract and perfectly understand its requirements and specifications.
  • evaluate thoroughly the Tender before you take your decision to "respond" or "not to respond".
  • troubleshoot each question in the tender, assuring that you raise any clarification questions.
  • be persuasive before you continue in the planning of your bid writing.
  • create your Bid Plan.
  • your answers are very comprehensive.
  • keep to easy and simple language in your responses.
  • clearly reference the questions numbers.
  • you provide verifiable proves and evidence for the claims in your responses.
  • your tender bid is professionally presented and packaged before submission.
  • Have your submission proofread and reviewed.
  • submit your bid in time and without delay. We recommend 1 day at least before deadline.

Writing a wining bid is very important to every business that wishes to win contracts, generate more income for a sustainable economic growth. With MDA, you don't need to be worried anymore, because our team of professionals are committed to helping you win bids easily and more often, laying emphasis on learning from the following strategic winning areas of previous winning Bidders:

• • winning pricing (low-price), 
  • winning quality (high-quality products and services with secured warranty),
  • winning process (creating a blueprint for all responses),
  • winning output (technical and economic benefit, etc.), and
  • winning capabilities (demonstrating your bid is unique and unbeatable.

Other factors to consider when writing a winning bid include:

• • Knowing and understanding your competition and your competitors
  • Building templates.
  • Always bidding on contracts and projects you can deliver.
  • Start with small-size Tenders.
  • Diversifying your business activities.
  • Abide by the bidding rules and regulations.
  • Build on your successes on mdaglobalrealestate.com, the global real estate plaform of MDAICReal, by becoming its valued registered member.

Based on our experience in the global market, the most common mistakes businesses make when bidding for tenders includes:

• • Wrong company name
  • Not asking questions
  • Incomplete bid forms and documents
  • Double bidding
  • Failure to add value
  • Failure to visit the site
  • Incorrect cost schedules
  • Undefined quality (i.e. unspecified quality standards and relevant warranties)
  • leaving tasks to the last minute
  • Late submission
  • overlooking key details,
  • overlooking a pricing strategy
  • Underestimating costs
  • taking on too much
  • not planning your workload
  • Failure to seek clarification
  • Not evaluating equipment needs
  • Missing information
  • Not referring to Overlooking the fine print
  • the specification, and many more.

When bidding, your primary focus is to ensure that your bid is in compliance with the necessary requirements and quality standards specified in the tender documents by the tendering company or organisation. Hence, in order to prevent any doubt about requirements or quality standards provided in yours bid, we advise you to read carefully the tender and perfectly understand all its content before you jump headfirst writing your bid. If you don't from how to start, or if the tender notice or documents are ambiguous, then ask questions. In a straightforward tender, everything should be clarified and explained, using explanatory tools like checklists and glossaries. Buyers (or Tendering Organisation / Company ) want you to succeed as more tender returns means improved competition.

You may also contact our team of professionals to help you adequately prepare, plan and write your bid, assuring that all the requirements and quality standards are met as specified in the tender by the Buyer (or Tendering Company or Organisation).

Engaging It is always necessary to build a strong experience through the history of your previous bids, requesting feedback on your all submitted bids, including the successful ones. In the next step, you proceed by:

• • Simplifying and refining your responses, using easy language
  • Making sure that your case studies are current, positive and productive for the Buyers,
  • Keeping a library of bidding case studies and evidence. This helps you speed up your bidding process next time, a save you more time on other tasks.
  • Develop and establish yours core business activities and ensure that they are all online with the tenders or business opportunities you are absolutely sure to deliver without stress and anxiety.

If you are still struggling or not sure about what you are doing due to lack of experience, contact. An hour-long call with one of our experts could help you resolve a number of issues that will save you time and money. We can support you with the following tasks:

• • bid preparation and planning,
  • bid writing,
  • bid reviewing, editing and improvement
  • bid publishing and marketing worlwide
  • bid writing training, and many other services.

NOTE: you may only need to engage us once for something to click, like many other companies such as AURA ENERGY, BRESSON and many more.

• • your competitors' profiles (business activities and capabilities),
  • the qualifications, experience and the level of professionalism of your competitors
  • the prices and quality standards offered by your competitors,
  • the warranties and services offered by your competitors
  • the partners of your competitors (their profiles, resources and strength, etc.)
  • SWOT (strengths, weaknesses, opportunities, and threats) analysis, etc.

At the end of your research on your competitors' qualifications and strengths, you will also need You will also need to:

• • evaluate your company's competitiveness,
  • carry the SWOT (strengths, weaknesses, opportunities, and threats) analysis of your bid, and develop strategic checklist of all the requirement stated in the Tender, ensuring that nothing is missed.
  • (otherwise) contact the Buyer (or Tendering Company) should more information or clarifications be required.

Remember that as a Supplier, yours are expected to be more professional and more knowledgeable in the products and services you offer than the Buyer. So, you are supposed to be the pillar of the Buyer and know which voluntary and mandatory accreditations are required for a successful realization of the project, laying emphasis on the highest-quality and lowest price possible.

Generally, the original tender notices language is in the local or official language of the country of origin that shall always be translated all the languages of mdaglobalrealestate.com platform. 

The real estate platform, mdaglobalrealestate.com, is provided with nore than 20 languages.

It is generally required in the pre-qualification phase of every tender that bidders should provide following preliminary bid registration documents:

• • Your company's certification of registration, company registration number and tax identification number
  • Your Company's business profile to reference and demonstrate your ability to deliver similar projects
  • Your company's audited accounts for the last 2-3 years.

Not all contracts will require you to have all of the above, but it always help. 

Yes of course. Any nonprofit company or organisation that is ready, willing and able to comply with the rules and regulations and meet the requirements stated within the tender notice and documents can bid for the tender.

Government procurement is fiercely competitive as the government awards the most qualified companies to provide cost-effective products and services. Government contracts have different and more complex bidding requirements than the private sector. Further, government contractors deal with government agencies, while commercial contractors deal with private businesses. Generally, government contracts comply with strict rules and regulations that require you to:

• • register your business and obtain ID Numbers
  • register your business with relevant government agency such as SAM Registration in the US
  • determine yours products and services, and many more.

NOTE: We advise you to always try and provide accurate information and make it appealing with descriptive terms about your business to attract contracting officers and military and civilian government agencies.

Every tender or contract notice provides details on the submission method and process of the tender. Generally, every bid has its own submission method and process, so make sure you always schedule a period of time within which your bid or proposal shall be reviewed, compiled, packaged, sealed and submitted electronically or through courier in time and without delay. Because, you can encounter barriers such as internet failure, computer systems failure, printer problems, or other unexpected technical issues that can delay your submission. 

It generally happens that in a competitive commercial tender, some of bids are rejected or not selected due to uncomplete bid documentation or noncompliance to the established bid rules, or due other reasons. In this case, do not burn your bridges with the Buyers or Tendering organisation, seize on the opportunity to get feedback on your own bid and get as much information on the reason why your bid was rejected or not selected. You may also try and obtain as much information as possible on the winning bid. Generally, bids or proposals are rejected or not selected because of high price and/or low quality. Therefore, ask Buyers (or the Tendering Organisation) for winning bidder's price and other technical and quality questions to improve your bid next time.

If you think that losing out on a business opportunity for four 1-4 years is critical to your business, then you consider the Dynamic Purchasing System (DPS).

A Dynamic Purchasing System (DPS) is unlike a traditional framework for the supply of goods, works or services. It is an electronic system, which suppliers can join at any time. An "open market" solution, a DPS is designed to give Buyers (or Tendering Organisations) access to a pool of pre-qualified Bidders (or Suppliers).

Failure in a Tender is part of the process, provided you learn from it and keep bidding on mdaglobalreal.com, the global real estate platform of MDAICReal. Next time will be better.

It is typically scheduled for a period of 4-6 weeks, but this can vary massively depending on the size and complexity of the Project. A full timeline is always provided on the Tender notice or the Invitation to Tender (ITT) from the tender publishing date, bids submission deadline, contract award date, and to contract commencement date. Buyers (or Tendering Organisations) or their procurement department usually work during these dates stated in the Tender documents.

Generally, the Buyer (Tendering Organisation) provides a clear milestone in the Invitation to tender (ITT), specifying all the important dates of the tender from its publishing data to the contract award publishing date, during which all registered Bidders shall be informed about the status of their bid submission, once received by the Buyers (or Tendering Organisation) or their procurement department. Generally, these dates consist of the followings for all types of bids:

• • the tender publishing or advertising date,
  • the bid submission deadline,
  • the bid evaluation date,
  • the publishing date of the bid prequalification results,
  • the publishing date of the bid qualification results, and
  • the publishing date of the winning bid or the contract award.

If the publishing date of the contract award specified in the ITT has passed, then contact directly with the Buyer (or Tendering Organisations) or their procurement department and request for information to your bid you may need for the next bids. However, as a general rule, Buyers (or Tendering Organisation) or their procurement department regularly inform all Bidders about the status of their bid submission and send them a Contract Award Decision Letter though registered e-mail or by post.

Obviously yes. You must know that every tender has its own specific formatting or presentation requirements for bid submissions. Some Buyers (Tendering Organisations) or their procurement department even specify text font style and size, paper size (A4, A3, and A0, etc.), document format (words, pdf, ppt, etc.). While these requirements may seem silly to Suppliers, they can be important and very significant to Buyers (Tendering Organisations). This is an evident procedure, because Buyers uses the best available equipment and technologies they have at hand and readily accessible when needed efficiently cand economically review yours bid and carry out their works. Hence,

if you cannot meet these preliminary basic requirements such as choosing the correct font size as specified in the tender, then you cannot expect Buyers (Tendering Organisation) or their procurement department to properly read and trust your contractual documents or accept your proposed services to meet their exact requirements and needs. It is always important you comply with all the rules and requirement stated and specified in the tender documents, laying emphasis on the quality of the formatting or presentation requirements for bid submissions.

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