Are there differences between a competitive proposal and bid?
A bid is a response to specification defined by the purchaser and is usually, but not always, related to cost alone since all bidders are quoting on the same set of materials and/or services. A competitive proposal should address how the consultant will approach the project, and the consultant’s view of potential issues and how these issues will be addressed. It should also detail how and when the services will be provided and all deliverable’s will be completed.
A bid will address only cost. A competitive proposal should address how the consultant will approach the project, and the consultant’s view of potential issues and how these issues will be addressed. It should also detail how the services will be provided (For example, Does the consultant proposal providing the services in phases?).
