Opening the Door To Public Sector Oportunities: How BidVault Gives SMEs the tools to Win More Contracts

In Public Sector bidding, an area often dominated by large businesses, small and medium-sized enterprises (SMEs) often find themselves at a disadvantage. Despite accounting for a significant portion of suppliers, SMEs only secured 20% of the total public sector procurement spend in 2023. This figure, revealed in the latest report by the British Chambers of Commerce (BCC) and Tussell, underscores a persistent challenge: while public sector spending with SMEs has grown in absolute terms, their share of the overall procurement pie has remained stagnant.

So, what’s holding SMEs back? The complexity of the bidding process, the high costs of bid preparation, and the lack of resources to compete with larger firms are just a few of the hurdles. However, BidVault is here to level the playing field.

Introducing BidVault: The Competitive Edge for SMEs

BidVault is a revolutionary platform designed to help SMEs navigate the intricate world of public procurement with the same sophistication and efficiency as their larger counterparts. Built on the back of over 10,000 successful bids, BidVault offers a suite of tools tailored to the needs of smaller organizations, enabling them to bid smarter, faster, and more effectively.

Here’s how BidVault can help SMEs turn the tide:

1. Access to Expertly Crafted Bid Content
   One of the key challenges SMEs face is creating high-quality bid responses that resonate with evaluators. BidVault’s Knowledge Vault offers an AI-searchable library of over 200,000 words of expertly written, continually updated model bid responses. These cover essential bid topics such as Social Value, Information Governance, and more, providing SMEs with the language and structure needed to craft compelling bids.
2. Efficient Tender Search and Alerts
   Finding the right opportunities is half the battle. With BidVault’s Tender Vault, SMEs can access a powerful tender search and alert platform that ensures they never miss out on relevant contracts. This tool saves time and effort, allowing businesses to focus on what they do best—delivering value.
3. Comprehensive Bid Writing Training
   Even the best tools require skilled hands. BidVault’s Training Vault offers video bid writing training content that upskills SME teams on everything from identifying opportunities to structuring pricing strategies. This continuous learning resource ensures that SMEs are always equipped to put their best foot forward.

Why Now is the Time to Invest in BidVault

As the BCC and Tussell report highlights, there’s a significant gap between the number of SMEs involved in public procurement and the share of spending they capture. With local governments leading the way in SME engagement, and new procurement legislation on the horizon, there’s never been a better time for SMEs to enhance their bidding capabilities.

BidVault’s comprehensive suite of tools—available for just £2995 per year with the BidVault Basic package—offers an affordable, effective solution for SMEs looking to increase their success rate in public sector bidding. By investing in BidVault, SMEs can finally compete on a level playing field, tapping into the £39.7 billion in public sector spend currently within their reach.

In an environment where every bid counts, BidVault ensures that SMEs have the resources and expertise they need to win more contracts and grow their business. Don’t let your business be left behind – release your full potential with BidVault today.