Bidding Performance Calculator
Using key bid metrics to calculate your organisation's bidding performance
When it comes to submitting tender responses, business proposals and grant applications, it’s important to know your numbers.
That’s where BidWrite’s handy bidding performance calculator comes in.
To use the calculator below, simply:
- Enter your organisation’s current bid metrics in the first column of the ‘Inputs’ section. Then check the first column of the ‘Outputs’ section for the resulting calculations.
- Enter your target bid metrics in the second column of the ‘Inputs’ section. The resulting calculated ‘Outputs’ will highlight the changes required in order to achieve those targets.
- At the bottom of the calculator, you’ll see the potential annual savings to your business that achieving those targets would enable.
Learn more about bid metrics in these BidWrite articles:
When it comes to submitting tender responses, business proposals and grant applications, how well do you know your numbers? This blog defines the four key bid metrics that you need to guide the performance and future objectives of your tendering activity.
Having defined the four key bid metrics in our previous blog, now we explain how using them to calculate tendering targets can improve the efficiency and effectiveness of your bidding investment in this blog - the second of two parts.
For Issue 23 of Bidding Quarterly, Nigel Dennis champions financial literacy as the one skill that really counts in winning bids. He explains how understanding and communicating numbers (even if they’re not your area of expertise) can make bid professionals more persuasive, influential, strategic, and relatable to buyers.
Dive deeper into bid metrics with Bid Accelerator
Bid Metrics are covered in greater detail in Module 1 of our Bid Academy’s Bid Accelerator course.Â
Delivered online, Bid Accelerator is a comprehensive tender training program that follows a 12-module learning pathway. It equips you with knowledge and practical skills spanning every stage of the bidding lifecycle, sure to accelerator your journey to tendering success.