After the completion of the bidding process, it is essential to
conduct a postbid review of the process. A post-bid review identifies the
errors in the bidding process so that appropriate steps can be taken to rectify
those errors and avoid them in future bids. For instance, a price analysis is conducted
to know why the bid was not appropriately priced. In addition, some other
aspects that are covered under the post-bid review are as follows:
- Why did the client choose our
organisation?
- Whether the client was satisfied
with our proposals or not?
- Did we have the right approach?
- Did we offer the right solution
or were negotiations needed to bag the contract?
- Whether the cost was appropriate
or not?
It is necessary to evaluate the bidding process immediately after
getting the contract. The post-bid review helps in making the future bidding
process more efficient.