Bid Budget

What is the expected contract value over its life (excluding extension options)?*

How strategically important is this tender to your company? (1-low, 10-high, must-win)*

What percentage of the expected contract profit are you willing to invest to win this contract? (typically, less than 20%)*

The value below is the suggested amount that you set aside to prepare a response.

It includes the cost of your internal team's time, external consultants, lost opportunity costs, your lawyer (to review the contract, if you wish), printing costs and courier costs.
Realistic Bid Budget (including the cost of the internal team)
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Name of the Opportunity for your reference

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Work Out The Maximum You Should Spend