What is an NDA? Every business has innovative ideas or projects in the works that they must protect from competitors. A non-disclosure agreement (NDA) is a legal document that does just that. Ideally, the NDA is intended to prevent sensitive information from being leaked in the first place. But it’s also there to provide businesses…
What is a Federal RFP? The RFP creation process can be fairly involved, but a federal RFP (request for proposal)? Slightly more so. The public sector has a more rigorous process for procurement which requires a completely transparent bidding process. This is usually for security reasons, assisting in the prevention of fraud and corruption. One…
What is automated procurement technology? Let’s start by defining automated procurement technology. Also referred to as e-procurement, automated procurement technology takes procurement workflows and processes, and automates them onto a single software platform. Software products in this category are generally web-based SaaS platforms and are provided on a pay-as-you-go basis. Procurement technology or RFP (request…
How Do I Improve the RFP Process? Mark Twain once said, “Continuous improvement is better than delayed perfection.” With a little bit of RFP process improvement, you will not only make the creation of the RFP more straightforward, but you’ll also acquire higher quality bids. How can we improve the RFP process? Having worked in…
Sourcing the right vendor for your next project will start with gathering all your RFP requirements. (Request for Proposal: a process by which companies solicit bids for goods and services) The RFP itself is a formal document that defines a project’s requirements and goals, outlines project criteria, and poses questions to help validate the most…
It is one thing to create a request for proposal (RFP) that simply gets you the best price for the goods and services you need. However, as a government procurement officer, it’s another thing altogether to create a Government RFP. Government bidding is a completely different beast than the commercial space due to specific requirements…
What is an RFP in Real Estate? The world of real estate, specifically commercial real estate, is vast. With more retail stores moving and changing than ever before, the market is bustling. There are so many different facets to consider which can make the task of finding the right providers tricky. Perhaps you are looking…
They say the journey of a thousand miles starts with a single step. But in my case, a journey of nearly a thousand RFPs paved the way to a single game-changing solution. It was ten years ago, but I still remember the day vividly. I was in a client’s boardroom. Our team, which included ten…
Like the light bulb which took nearly a decade to get it right, after much trial and error, we’ve launched DirectRFP® — the world’s first RFP technology platform designed to solicit exact and measurable responses.
What is the purpose of RFP’s in healthcare? The multi-faceted purchases required in healthcare can be difficult to manage by one department. Creating an effective RFP in healthcare is a daunting task, but not one that can’t be improved and simplified. With the assistance of RFP creation software and the inclusion of some key strategies,…