How Much Do Bid Writing Services Cost?

Bid Writing in itself is a specialist skill, from which qualified and experienced Bid Writers are able to significantly increase your chances of winning your next tender. As such, Bid Writing and Tender Writing services often come at a premium. Some large Government contracts will require companies to pay in excess of £20,000 for Bid Writing services, whereas smaller contracts may cost as little as £500. Today we will be delving into the likely costs of Bid Writing, and how to pick your next Bid Writing Service.

How Much Do Bid Writing Services Cost?

The cost of hiring a bid writer can vary depending on several factors. For instance, contractors employed through bid writing agencies like Bid Writing Network charge between £400 and £1,300 per day. This is highly dependent on the size of the tender document, the expertise and skill level required, and the experience of the team members involved in the project.

Naturally, for highly competitive and lucrative contracts in specialist areas, Bid Writing services will typically be closer to £1,300 per day. Whereas smaller, less complex bids may cost as little as £500.

A fixed rate can provide a defined budget, but the charges should reflect existing market rates and the complexity of the work involved. Conversely, a bespoke and tailored bid may prove expensive when working on an open-ended day rate agreement. Regardless of the charging approach, it is crucial to establish a clear understanding of the project scope and deliverables to ensure that the final bid is of high quality and meets the buyer's requirements.

How Do I Determine Good Value For Money When It Comes To Bid Writing?

Before reaching out to a bid writer or bid writing company, it's important to ask yourself a few questions. A few key things to consider include: Which part of the bid writing process can I handle? Which part of the bid writing process do I need help with? How much bid writing support do I actually need?

Once you have identified your needs, determine how involved you want to be in the bid writing process. Do you want the entire bid process to be taken off your hands, or do you want pointers on how to edit your bid? Do you want assurance that your bid will score well?

Because it may be that you don't or need want a complete 'hand-holding' service, but rather, a review of what you've already written. In which case, you'd be looking for a Bid Review service. Or, if you lack organisation, you may consider hiring a bid manager to oversee the entire process and guide you.

If you're unsure about what you need, we're always happy to have a no-obligation chat about what it is you're looking to achieve! It's important to note however that we may not be able to provide an accurate quote until we have reviewed the procurement documentation, and insisting on a quote in advance may result in a higher quote to protect our bid writing service from undercharging for our services and performing the work at a loss.