Are You Bidding for the Right Contracts? Why a Strong Bid / No Bid Matrix Matters
Share
Are You Bidding for the Right Contracts? Why a Strong Bid / No Bid Matrix Matters
Many providers waste time, energy, and resources chasing contracts they have little realistic chance of winning. A strong Bid / No Bid Matrix helps ensure your efforts are focused where they count β on opportunities you can deliver well, score highly on, and realistically win.
At Impact Guru Ltd, we help social care providers refine their approach to tender qualification through clear, structured decision-making processes.
π What Is a Bid / No Bid Matrix?
A Bid / No Bid Matrix is a tool that helps you assess whether a tender opportunity is genuinely worth pursuing. It brings consistency, transparency, and clarity to decision-making β avoiding knee-jerk reactions or wasted time on low-probability bids.
Typical factors considered include:
- π― Strategic fit with your service model and growth goals
- π· Financial viability and risk profile
- π Alignment with your strengths and track record
- π Local relationships and market positioning
- π Likelihood of scoring highly based on criteria
π¦ How Does It Help?
Using a clear matrix ensures your team spends time on the right opportunities β increasing your win rate, reducing frustration, and enabling better pipeline management. It also helps manage expectations internally and externally.
We recommend supplementing this with a triage process and simple RAG ratings to assess new opportunities quickly and consistently.
π₯ Need Help Strengthening Your Process?
Our Bid Strategy & Training service helps organisations refine their Bid / No Bid process for better focus, stronger submissions, and improved outcomes.
- π Develop clear matrices and triage tools
- π οΈ Build consistency across your team
- π Increase your tender win rate