Financial

Everything You Need to Know about Risk Assessments in Bids

For many businesses, the process of tendering is something they do out of necessity to win contracts and deliver goods or services for public sector organisations. It is a very valuable industry, and because of this the process of winning a tender and bidding for one is rigorous and this can be off-putting to many …

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What is a Private Sector Tender and how can You Win Them?

A majority of tenders come from the public sector, however, there are many private sector businesses that are using tendering to fulfil their needs. Private sector tenders don’t have to legally be published on Government portals. This means that private sector businesses will follow their own procurement policies to make decisions on where and when …

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How Has Tendering Changed Following Brexit?

Back in 2016, the UK voted to leave the European Union. Over the following years, businesses have dealt with a great deal of uncertainty about how they will be able to operate once the country finally leaves the EU. Throw in a global pandemic and it is safe to say that the need to have …

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Why Outsourcing Bid-Writing can be the Best Business move you’ll ever make

Bid-writing can be one of the most time-consuming activities a business has to complete in order to expand, win lucrative tenders, and make serious income. Bid-writing is the process of completing PQQs (find out more about PQQs here) and bids to tender which need to include a variety of information. Tendering can be confusing and …

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What Types of Business Use Tendering the Most?

Contents: Public Sector The NHS Education Local Councils Government Agencies Other Public Sector Businesses Private Sector Tendering is a common way for businesses to procure goods and services from outside contractors, and it is a very common practice for many businesses. It is most often used by public sector businesses, think schools, the NHS, local …

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7 tips to bid for grant funding efficiently

1. Make sure you’re eligible for the funding Firstly, you need to make sure you’re eligible to bid. If you’re ineligible it’s a major waste of both time and resources. It is also important to make sure your funder’s aims and objectives align with your own. Then you need to be certain that the size …

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What is a PQQ and an ITT?

What is a PQQ? A PPQ is a pre-qualification questionnaire used by buyers when identifying potential clients. It helps the company understand who can meet the requirements of the contract. The PQQ process removes any suppliers that are unsuitable for the tendering process. The PQQ document focuses on company information, what the company does, and …

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MEAT: Most Economically Advantageous Tender

What is MEAT? MEAT was introduced by the European parliament in 2004 as part of the public procurement rules. These are known as the public contract regulations in the UK. MEAT stands for the Most Advantageously Economic Tender. It is what most buyers use during their selection process when deciding on the right supplier for …

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UK Government R&D Grant Funding at the Highest Level in Four Decades

UK Government R&D Grant Funding Totalled £14.9 Billion in 2021/22. Scientists and researchers will get an extra £250 million grant funding this year to support pioneering research and drive the UK’s ambitions to become a science superpower. As a result, UK scientists will have access to more public funding than ever before. This takes total …

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