When the overall economy is booming, it’s generally combined with a lot of developmental ventures out to tender. An array of businesses are always interested in these contracts as they are profitable prospects for them. Many of these special projects take the way of an open bidding procedure for just about any qualified company to submit a tender, while some issue invitations to tender (ITT) to a select selection of companies that have passed the pre-qualification (PQQ) phase.
Should your business is lucky enough to get an ITT, you must realize the very strenuous circumstances of presenting a bid proposal. Drawing up a tender or bid proposal needs a lot of work, and besides that, you need to be fully compliant with all the objectives of the bid project.