Chapter Name: Analyse tender documents for viability in the new venture context
Description:Teaches how to evaluate bid requirements, project scopes, and legal terms.
Purpuse:To determine whether a tender aligns with business capacity and goals.
Rational:Careful evaluation prevents overextension and supports profitable bidding.
Chapter Assessment
Expected Supporting Evidence:
Portfolio of Evidence 1: Appropriate tenders for own business are identified with reasons why they suit own business. - Tenders are selected based on alignment with the business's products, capacity, and strategic goals.
Portfolio of Evidence 2: The presentation methods and tender submissions procedures are explained with examples. - Formats (e.g. electronic, manual) and submission rules (e.g. deadlines, attachments) are described with relevant examples.
Portfolio of Evidence 3: The business activity levels within a specific tender are recognised and limitations of own business capacity are specified in that context. - Evaluates whether the business can meet delivery timelines and volume, based on available capacity.
Portfolio of Evidence 4: The internal and external factors of human resources capacity that impact on a specific tender are determined for own business. - Factors like staff availability, training needs, and external contractors are assessed for impact on performance.
Workplace Activities
Activity 1: Select appropriate tenders
Choose tenders aligned with business capability
Activity 2: Understand submission requirements
Describe submission format, rules, and deadlines
Activity 3: Assess business activity capacity
Match business output with tender needs
Activity 4: Evaluate HR capacity
Assess staff availability and needs for tender delivery