By Stacey Deonanan
Here’s the thing sugar-pops, not everyone who has a company profile wants to bid, and not everyone who wants to bid has a company profile ready for the bid.
Consultations are interesting when discovering lots of folks who want to bid, can hardly make the cut.
If you’re looking to attract vendors, suppliers, any type of investor, a company profile is almost always a necessity, but duly noted – has to be on point. There are certain prerequisites contractors are looking for. I call this the bones of the company profile.
Now here’s the caveat – because there’s always a caveat… not every industry has the same bones. Surprise surprise. The standards in the construction industry are completely different for those serving in education. This will also change from country to country. And its important I say these things, because the only way you can know if you’re bid-capable is when you review the application requirements.
Not to exhaust you, the company profile is equipped with its baseline of corporate data, safety standards met, certifications awarded, organisational team details and financial data in some cases.
Only the applicant can know if they meet those requirements as sometimes to meet a singular requirement such as VAT registration as is often requested in the construction sector (of Trinidad & Tobago), might take some time to acquire. It’s important to say that, because small contractors sometimes don’t have those requirements, and the time it takes to meet them.
There may be groundwork needed to get to that place of fulfilling those bidding requirements and I encourage you to inquire after them, so as to align yourself for future bidding.
I hope this gives you a better understanding of what you may need for bidding, until our next post!