Bid Writing Innovation

Incorporating innovative and fresh procedures into the way in which you do business promises reduced expenses, quicker services and an overall better value proposition for clients. Innovation will increase profits and improve supply chain working. It can also lead to improved procurement practice and encourage collaborative working relationships, thereby increasing your chances of success when writing tenders. This article introduces innovation and outlines the benefits and the impact that it can have on your business.

Innovation derives from the Latin word innovatus, which is the noun form of innovare "to renew or change,"

Benefits
You will find more and more that as a tender writer you will be expected to write about innovation and what it means to the customer.
Innovative practises ultimately lead to a reduction in downtime with an increase in quality and resource maximisation. Through innovation you are able to develop competitive advantage and often a unique selling point (USP). A USP should lead to the creation of patents through business practises and research. A patent consists of a set of exclusive rights granted by a sovereign state to an organisation for a limited period of time. Having a patent in place excludes competitors from copying your processes or designs, maximising sales and further developing your own personal USP.

Types of innovation

Sustainable construction is one type of innovation; it is often associated with the process of managing environmental concerns, health aspects and issues of consistency and performance when compared with orthodox building practises. Sustainable construction is based around the interlocking principles of using fewer materials and less energy while still meeting standards. Buildings account for the largest share of the total EU final energy consumption (42%) and produce about 35% of all greenhouse emissions. What this actually means is that the incorporation of innovative building techniques and process is vital to minimise environmental impact for future generations. Sustainable construction can take the form of pioneering materials, processes or building design with prominent theme of environmental damage reduction.

A figure that not many businesses are aware of is that on average 40% of annual construction demand comes from the public sector. This figure highlights the potential profitability of public sector work and why the bidding process is becoming increasingly competitive. Innovative techniques not just in the design and build but also in your approach to the works should give your business a competitive edge.
Impact

Innovation can have a significant impact on the image and reputation of your business. If innovation is synonymous with your approach, then soon your client base and contracting authorities will believe in your capability in this regard. The impact of innovation can prove a pivotal element within your Tender submission when you are able to showcase your innovative approach and provide genuine solutions to traditional problems. The effect can also be witnessed in your supply chain as they look to implement procedures and policies that reflect the contractor’s views.


This article has aimed to identify the impact that successful innovation can have on not just your tender submissions but your business as a whole. If you require any further information about incorporating innovative thinking into your tender submissions then please do not hesitate to get in touch.

Luke