What is Capture Management in Bidding? Know its Purpose and Importance in Tender Application
What is Capture management? Capture management is the process of gathering insight, building connections, developing competitive intelligence and making strategies on how to win a future request for proposal. It is one of the most critical steps in converting new business or re-signing current contracts. What is the purpose of Capture management in bidding and why it is important? Capture management in bidding is a plan designed to give your business entity an edge with a buyer or customer. It is a process of making strategies on how to prepare a bid response that gives you an edge over the others. How does it work? 1. The first step in the capture management is finding the right tender. Capture key information about the buyer, their aim, and requirements. These aspects are then matched with your experience, resources and capabilities to complete the work. Right tenders selected via this process have a much higher chance to win than tenders that are randomly applied for. Visit ...
