Question

Under what circumstances can a qualifying proposal be a better vehicle for new business development than...

Under what circumstances can a qualifying proposal be a better vehicle for new business development than a conventional bid proposal? Discuss.

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Answer #1

Any business to achieve its scalability, feasibility & stand into the field to compete the competitors must qualify the proposal to be better at all levels to manage the primary goals & mission of vehicles to have business development, proposal management that are unique compared to conventional bid proposal but they share common goals to propose unique, cost-worthy & winning proposal for business by all means.

Before understanding what situations the qualifying proposal for new business development is better then bids that are conventional bid proposal, its important to know the key major differences that are unique in their terms as follows:

  • Request for proposal as the name itself suggests in the fact as some generic specifications may be made available or draft to be difficult to approve, add to it the conventional use of evaluating bids will be on solely on price which may not get here in the product or service required. Many of the bids as conventional cannot be made for products or services due to its complexities & bidding based solely on price which this the reason that RFP (Request for proposal) qualifies is another form that integrated the business development vehicle.
  • Conventional bids, on the other hand, qualify as the difference on bids is a price which IFB uses when you know what & how whereas RFP may use when you know How what & how may vary from one vendor to another based on situations & specifications the business uses as a development vehicle.

- Following are the situation that qualifies the proposals is better in hand for the development of new business than the conventional bids in the proposal:

  • As stated the request for a proposal is made when there is specific arrangements are required to make to develop the business, & mostly the government agencies primarily use this type of contract to get the lowest possible bid & it allows also the firm to get multiple bidders to manage the cost. At one situation the government is liable to use this type of bid to open up the competition against the private players to make the process fair to keep the costs low & competitive.
  • Another situation where the firms may use this type of proposal as a development vehicle to get the multiple bids where the firms seeking multiple bidders may benefit the gain of cost advantage. For instance- the firm that wants to change its process of reporting from paper-based system to computer system base they may put on the request for proposal as for software & hardware to make the training to be available & integrate to manage the new system as development vehicle better than conventional bids at hand.
  • Another situation where this type of proposal is used is mainly by the government for instance- the federal railroad administration may request or issues such proposals to cost/finance, construct/design, thereby operate or maintain a high-speed rail system where all the parties & departments take this type of proposal bids & document the proposal to match the goals against the private firms to hire & carry out the work & the most optimal level as well achieve the cost competitiveness in managing such as a development means of the vehicle at all levels.

  

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