Why a tender training course will be your best business investment
Organisations that regularly respond to tenders know it can be a challenging process. Submitting a high-quality bid takes time, resources and, most importantly, expertise. Knowing what to do, and how and when to do it can be the difference between winning and missing out. That’s where a good tender training course can make all the difference.
Specialised tender training provides the strategies, tools and confidence to dramatically improve an organisation’s tender win rate. This makes it valuable for proposal professionals and bid teams who are serious about securing competitive, high-value contracts.
Yes, a good tendering course does come with a cost attached. And the more comprehensive programs also require an investment of your time. But it’s not the training you invest in, it’s the results. If your next tender is worth even a fraction of the average contract value, some simple maths proves the right training course will pay for itself many times over. And it keeps giving.
Let’s talk numbers: a potential 36,903% ROI
The average value of a tendered contract in Australia is $923,224*. For smaller organisations, winning a single tender of this size can be life changing. For larger corporations, this modest average may be well below their multi-million-dollar dealings. However, for the purpose of these calculations, let’s use this average.
Tender training varies in price, duration and complexity. Prices can fall anywhere between a couple of hundred dollars for a short workshop to a few thousand dollars for a longer, more thorough course. Our Bid Academy’s most popular comprehensive program, Bid Accelerator, is priced at $2,495(+GST). Again, for the purpose of these calculations, let’s use Bid Accelerator’s price.
The numbers look like this:
Your investment: $2,495
Contract value won: $923,224
Return on investment (ROI): 36,903%
Yes, you read that correctly! If the knowledge and skills gained from a course like Bid Accelerator help you win just one tender, your return on investment is an impressive 36,903%. This means that every dollar you invest in that tender training is returning more than $369. And when you factor in higher value tenders, the ROI is even more staggering.
An investment that pays off, time and time again
The value of a program like Bid Accelerator doesn’t stop after your first successful submission. The real benefit lies in the long-term capability it builds for you and your team.
Good tender training equips you with skills and knowledge you can apply to different bids. And these are yours to keep. They increase your bidding efficiency, reduce last-minute scrambles, and improve the quality of your submissions. Skills like persuasive writing, developing a winning story and quantifying value will help you improve every future bid.
So like any good investment, the returns keep growing over time. And as your team’s capability improves, so too does the potential to pursue larger, more competitive contracts. That’s why the ROI of a tender training course isn’t limited to a single bid. It keeps growing with every opportunity you’re better prepared to win.
So, is your next tender worth more than $2,495?
We’re certain it will be. And in that case, investing in our comprehensive Bid Accelerator program is worth every cent.
Every tender response you submit is a chance to grow your business. A good tender training course helps you build internal capability, approach opportunities with greater confidence, and improve the quality of your submissions. Most importantly, it increases your likelihood of winning. For organisations serious about growth, capability-building and long-term results, it’s a smart investment that continues to deliver value – tender after tender.
With a potential 36,903% return on your $2,495 investment (which increases with every subsequent tender you win), our Bid Academy’s Bid Accelerator is the best money you can spend.
In summary: What’s the ROI of a tender training course?
- A well-designed, comprehensive course can deliver excellent return on investment
- The average tendered contract in Australia is worth $923,224*
- Bid Academy’s Bid Accelerator training program costs $2,495(+GST)
- This means a potential ROI of 36,903% if the course helps you win just one tender
- The skills you learn can be applied repeatedly to each new bid
- As you win more tenders, the long-term value of the training continues to grow.
*Source: Comprehensive Report on Tenders in the Australian Government.
All values stated in Australian Dollars.
