Blog
Keep Up to Date with the Latest From Wordsmith.
How to write a Grant Application
Want to know how to write a Grant Application? Learn more here.
What is Social Value?
What is social value, and why does it hold such significance, especially in the context of bidding and tendering for new contracts? Learn more here…
What is a Pre-Qualification Questionnaire (PQQ)?
Understanding what a PQQ is, its components, and how to navigate it effectively can significantly enhance your chances of making it through to the next bid stage.
What is the Tender Process?
By implementing a best practice tender process, this will maximise your chances of success by ensuring bids are well-researched, strategically aligned, compellingly written, and thoroughly reviewed.
Common Reasons why Bids and Tenders Lose
Navigating the complexities of bid submissions can often feel like a high-stakes game where even the smallest oversight can mean the difference between winning and losing. In this blog post, we explore a number of different reasons aside from price as to why some bids do not make the cut and offer practical solutions to boost your success rate.
Empowering Small and Medium Enterprises (SMEs) to Maximise Social Value in Bids
Small and medium-sized enterprises (SMEs) are uniquely positioned to drive impactful social value, despite common perceptions that their smaller scale puts them at a disadvantage compared to larger organisations. This blog explores practical strategies for SMEs to amplify their social value contributions effectively which is an essential element of a successful bid.
Why SMEs Should Bid for Public Sector Contracts
Did you know that Gross spending on public sector procurement was £393 billion in 2022/23 across the UK? That's an increase of £25 billion or 7%, compared with the previous year! Imagine a world where your small or medium-sized enterprise (SME) unlocks the full potential of growth and opportunity, a world where David can truly compete with Goliath. This is not just a scene from a superhero movie; it's the reality of public sector bidding, especially with the impending changes brought by the government's new procurement bill set to roll out in 2024.
How to Write a Tender: A Simple Guide for Beginners – Part 3 Bid Writing
The bid writing phase is where our deep understanding of the client's requirements and our thorough preparatory work converge to shape a compelling narrative. Crafting responses is not just about addressing the requirements listed in the RFP; it's an art of weaving in unique strengths, insights, and capabilities into a narrative that not only answers the 'what' but eloquently explains the 'how' and 'why'.
How to Write a Bid: A Simple Guide for Beginners – Part 2 Bid Development
Bid development is a meticulous process that requires more than just responding to a set of requirements.
Before putting pen to paper, five preparatory steps are essential to ensure a well-rounded and competitive proposal. These initial steps are critical in laying a solid foundation for a proposal that not only answers the questions but speaks directly to the client's unique challenges and how your organisation is uniquely positioned to solve them.
How to Write a Bid: A Simple Guide for Beginners – Part 1 Bid Readiness
Becoming bid ready is a critical process for businesses looking to participate in competitive bidding, particularly in government or large-scale commercial contracts. So what is bid readiness?
Navigating Bid Problems with a Dash of Wordsmith Magic
Running a business can often feel like juggling multiple balls at once. From managing day-to-day operations to chasing new business opportunities, it's a never-ending cycle of challenges. One significant hurdle that many small businesses encounter is developing and delivering bids. Here are some common problems and how Wordsmith can help you navigate them….
Building Effective Partnerships: Collaborative Approaches for Successful Bidding
If you’ve ever played superheroes as a child, you know that teaming up with fellow caped crusaders can multiply your chances of victory against your nemesis. In the bidding world, this same logic applies. Assembling a legion of business allies through strategic partnerships and collaborations is like unleashing a not-so-secret superpower for successful bidding.
What does a Bid Writer do?
Bid writers dive deep, asking SMEs about the nitty-gritty details that transform a proposal from average to awe-inspiring. They coax out evidence, success stories, technical differentiators, and a sprinkle of innovation to make the proposal irresistible.
Bid writers tread the fine line between understanding complex technical jargon and translating it into words that resonate with decision-makers and tell a story.
Bid and Tender Evaluation Guide: Key Factors to Consider
Today, we're diving headfirst into the intriguing world of bid and tender evaluation. Now, I know what you're thinking - "Bid evaluation? Isn't that as exciting as watching paint dry?" Well, buckle up, because we're about to take you on a thrilling ride through the intricacies of this process.
What is a Bid Manager and Bid Writer?
Today, we are diving into the realm of bids and proposals and exploring the roles of two remarkable figures who old the key to success: the Bid Manager and the Bid Writer.
Harnessing Technology for Streamlined Bid Management: Unleashing the Bidding Superhero Within!
Once upon a time, in the not-so-glamorous world of bid management, superheroes didn't wear capes, and their Batmobiles were replaced by spreadsheets and overflowing filing cabinets.
The Power of Engagement and Why it Unleashes the Potential for Success
At Wordsmith, our values are not just words on paper; they are the very essence of how we operate. Integrity, bravery, persistence, knowledge, growth, and connection are the cornerstones of our approach to bid consultancy.
The Power of Precision: Understanding Your Target Audience for Winning Bids
In the fast-paced and competitive world of business, there's a vital secret ingredient that often gets overlooked or underestimated that can make or break your success —understanding your target audience.
Unlocking Opportunities: Key Differences Between Writing a Bid and Writing a Grant Funding Application
Two common avenues for securing financial support are bidding for new contracts and applying for grant funding. Learn more about the differences between the two here.