Sunday, January 5, 2020
Links for Banknilami
Friday, January 3, 2020
5 Reasons Why Bids Fail!
One of the often common questions we are faced with is “why did my bid fail?” Companies bidding for contracts will inevitably encounter failure at some point, but is important to understand the reasons a submission was unsuccessful. Always assuming you have selected an appropriate bid in the first place and priced it competitively, you must then persuade your prospective client that you are a capable organization with the depth of resource, the expertise, the empathy and the solution to meet with their objectives. Let’s have a glance over a few points and make a conclusion:
- Research your potential customer thoroughly-To make your bid more engaging you must demonstrate a clear understanding of the corporate objectives of your company i.e. what is the rationale behind. Show that you have taken the trouble to understand them and mention their goals often. Provide details of how your products or services will help them achieve those aims, no matter in how small a way that might be. By doing this, you will help yourself to observe the first rule which is to be less generic. Have a Lucid Approach rather than a confusing one!
- Follow the Specifications ardently- The specification is your guide to completing the tender and not following it will inevitably result in failure. Make notes and pay attention to specific areas such as word count, font type, layout and style as these often trip companies up. Any aspect which is not adhered to is a potential area the evaluator will use to exclude you. As procurement procedures become more competitive, the contracting authority will look for any reason to narrow down the field, so stick to the specification.
- Have Conclusive Evidence- Each point you make within a submission must be backed up with evidence. You must be able to explain exactly how your services will benefit the contract. Without enough convincing evidence the contracting authority cannot be sure of the quality of your bid and you will likely lose out to a competitor.
- Do not be More Generic- Whilst this may appear to be self-evident, you will be surprised by the number of bids we read that are simple ‘cut and paste’ or template-driven responses. Here the solution is straightforward; stop talking about you and start talking about them. If you mention your own corporate plans more than you do theirs, you are writing a bid that will fail. The more often the reader sees their own name the more they are engaged with the text. Ultimately, the bid is not about you – it is about them.
- Not matching the funder’s priorities- As with the eligibility criteria, a common mistake is that organizations apply indiscriminately to a variety of funders, without first checking that the funder’s priorities match the work they want to be funded. The funder’s priorities are the specific causes and areas of work they wish to fund. For example, two different funders may each fund projects for the benefit of children and young people: one funder prioritizes sports projects whereas the other prioritizes creative arts. If a charity working with children and young people applies to the creative arts funder for a sports project, they will not be successful.
Thursday, January 2, 2020
How to Manage your Bid Process Effectively
Your first glance at a PQQ or tender can often leave you overwhelmed, and wondering “Where do I begin!?” There are, however, a number of steps you can take to manage your bid effectively to ensure it is fully compliant, well written, and gains you the most marks.
You don’t have to bid on every job you come across. Winning jobs your company can’t adequately perform can be just as costly as not winning them. Remember, it is never too late to abandon a bid you are working on. For example, let’s say you have purchased plans, attended the pre-bid meeting, done your takeoffs and started taking subcontractor pricing. Once you start crunching the numbers you realize that your company won’t make a reasonable profit if you were to win the contract.
Having a good understanding of the existing site conditions can eliminate problems down the line should you be awarded a project? Unique site conditions like limited accessibility or a location that would require additional costs on items like transportation, equipment, material storage, and labor could exist. Failing to visit the site would leave you unaware that these conditions exist and that additional costs need to be factored into your bid which would cut into your profitability.
The first step in overcoming a large or particularly daunting tender submission is to split the response into different sections and plan accordingly. These sections can then be delegated to a bid team, or be worked through by you; either way ensures a methodical approach to the bid.
Everyone must be aware of the purpose of the bid and how it fits in with your organization’s strategic goals – is it a “must-win” for your company? Or perhaps you are the incumbent for a contract which is part of your day-to-day business. Making sure that all staff are briefed on the scope and importance of the bid; exactly what their role is, and what is expected of them will make the process much more cohesive.
A well-planned and organized bid should ensure all aspects of your PQQ or tender are compliant. One of the common reasons for failing a bid is due to simply forgetting to include important supporting documents or appendices. It is a simple mistake and one which can easily be avoided by keeping track of all supporting documents
Getting subcontractor pricing can be complicated. You want competitive prices from your subcontractors but you also want some assurance that they can perform the work required. This is true whether it is a subcontractor you are using for the first time or one that you have worked with for years. One solution is to set up a pre-qualification process for subcontractors who wish to work with you. This allows you to have a better understanding of the type of work they are capable of performing by evaluating their quality and performance on past projects.
Monday, December 9, 2019
What is the difference between Absolute auction and confirmed auction?
First of all
you have to know that what is an auction, because then only you could know the
difference between these auctions.
Bank Auction
is a process which is running by banks, When borrower of any property or car or
any item didn’t give 3 consecutive banks EMI’s then bank send a notice to the
borrower to deposit the installations within 60 days and if he doesn’t give
installations then banks seize the property that he has owned.
Then Bank
gives advertisements of these properties, in newspapers or those websites which
have linked with banks. https://www.banknilami.com/
Is one of those websites which are linked with banks and also posts online the auction, bank auction, e-auction properties or vehicle auctions all over in
India.
Mainly auctions are of 4 types,
which are as follows –
Absolute Auction
Absolute Auction
· Minimum Bid Auction
· Reserve Auction
· Multi-Par Auction
I.
AbsoluteAuction - It is a classical type of auction in which sale is awarded to the
higher bidder. It doesn’t have reserve price which sets a minimum bid for the
auctioned item.
The difference between
absolute auction and confirmed auction is only that in this there is a reserve
price but in confirmation auction, The lender must approve the bid in order to
complete the transaction. In real estate, if foreclosure is sold at a lender
confirmation auction, the highest bidder doesn't necessarily win.
II.
Minimum Bid Auction – In Minimum Bid Auction,
the auction begins with a minimum price bid that the seller willing to accept.
This auction is published in newspaper advertisements, Websites (https://www.banknilami.com/) and also
announced at the auction. A minimum bid is a very good way to a seller to ensure they will be compensated with an amount they
consider to be acceptable.
III.
Reserve Auction – In this auction, a seller
comes up with an ideal price which he doesn’t disclose by which if the reserve
price doesn’t meet then the seller has the opportunity to reject the highest bid.
But the biggest disadvantage is for bidders, as there is no guarantee that they
will take the item or not.
IV.
Multi-par Auction – Multi-par Auction is where
the property can be auctioned as a whole or in tracts. This brings more buyers
because tracts are affordable and as many people can’t afford a $4,00,000 Farm
but can afford a $4,000 slice of it.
Top websites for bank auctions in India
Bank auctions are the best way to buy properties or any item at a cheaper price. But you should have known about good websites for this because this is a legal process, there is so many frauds website so you should have known about this.
These following websites are the best in India to buy auctioned items-
You can also read these articles-
How to manage Bid Process Effectively
What is the difference between Absolute Auctions and Confirmed Auction?
Parking Yard Franchisee
What are the advantages of Online Auction business?
The Action you have been waiting for.
These following websites are the best in India to buy auctioned items-
- https://www.banknilami.com/
- eauctions.in
- eauction.npasource.com
- foreclosureindia.com
- auctiontiger.com
- bankauctionproperties.com
- bankdrt.com
- bankdrt.com
You can also read these articles-
How to manage Bid Process Effectively
What is the difference between Absolute Auctions and Confirmed Auction?
Parking Yard Franchisee
What are the advantages of Online Auction business?
The Action you have been waiting for.
Saturday, December 7, 2019
What are the advantages of online auction business?
Online auction business gives you those people who are very serious to buy the asset. They are potential that's why they are here at your platform and because you are serving an online auction in which they can participate wherever they are.
Even a lot of companies are also serving both online and offline auction by which it is easy to reach to the audience easily.
This website also works on this property by giving people access to their personal life and make it easy to buy properties by using an online auction.
Online auction's future is great in India because it is a service in which auction users or participants sell or bid for products or services via the Internet.
Subscribe to:
Posts (Atom)