A bid is a tender, proposal or quotation submitted in response to a solicitation from a contracting authority. By law, government agencies are required to issue bids publicly whenever they are in need of a specific product or service. This is standard policy in order to prevent “insider bidding”, where companies are being awarded contracts secretively. It is also beneficial for the government agency itself because it creates competition, resulting in lower prices for them. Tenders come in various forms, including RFIs, RFPs, RFQs & ITBs.
How does one go about being informed of bids? Since they are made public it seems as though it would be easy to get this information. But with there being so many government agencies out there who follow different procedures, finding this information can be a difficult and time consuming process. This is where FindRFP comes into play.
With the combination of our large research team and customized software, FindRFP is able to gather all of this information for you and send it to you in a daily email notification. The bids will be sent to you based on your business scope and industry type. All you need to do is check your email daily and you will be notified of any relevant bids in your coverage area. It’s that simple!