Even for the lead company that wins over the competition for a billion-dollar project, the bidding process can be exhausting and risky. As projects have grown in size and complexity, the cost of putting together massive competitive proposals has risen proportionately.
Innovative approaches, however, are demonstrating ways to streamline the time consuming process. New methods anchored in product lifecycle management (PLM) are showing dramatic improvements in productivity and cost reduction. At a time when many megaprojects are being deferred, particularly in the energy industry due to low crude-oil prices, business leaders have an opportunity to step back and rethink the process. The time is right to simplify the process for cost savings, for better-targeted proposals and for landing new work.
DOWNLOAD THE BID GOOD-BYE TO BIDDING INEFFICIENCY PDF [PDF, 209 KB]