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S1 Ep 32 | S1 Recap: Taming the RFP Monster

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Manage episode 497642257 series 3615155
Content provided by The Angus & Pete Show, The Angus, and Pete Show. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Angus & Pete Show, The Angus, and Pete Show or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Angus and Pete revisit their "RFP Trilogy" (Episodes 5–7) with bonus insights from CX6 insider Terry (Episode 21).

RFPs in a Nutshell:
RFPs are structured buying processes designed for transparency, competition, and clarity.

For Buyers:

  • You’re selling too—make the opportunity attractive.

  • Set clear goals, engage stakeholders, and publish evaluation criteria.

  • Communicate well and stick to timelines.

For Sellers:

  • RFPs are costly (£30k per bid) and win rates are low (often under 10%).

  • Default to "no bid" unless it’s a strong fit.

  • Cold RFPs rarely convert.

  • Terry’s Four RFP Types: Full and Fair, Not So Open, Fantasy Shoppers, Free Consultancy.

  • Use BLUF—answer clearly and early; focus your summary on requirements, price, and value.

  • Price often decides—be competitive.

  • Be honest; fake social value is just a hidden discount.

RFPs aren't going away—but with structure and realism, they can work for everyone.

  continue reading

33 episodes

Artwork
iconShare
 
Manage episode 497642257 series 3615155
Content provided by The Angus & Pete Show, The Angus, and Pete Show. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Angus & Pete Show, The Angus, and Pete Show or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Angus and Pete revisit their "RFP Trilogy" (Episodes 5–7) with bonus insights from CX6 insider Terry (Episode 21).

RFPs in a Nutshell:
RFPs are structured buying processes designed for transparency, competition, and clarity.

For Buyers:

  • You’re selling too—make the opportunity attractive.

  • Set clear goals, engage stakeholders, and publish evaluation criteria.

  • Communicate well and stick to timelines.

For Sellers:

  • RFPs are costly (£30k per bid) and win rates are low (often under 10%).

  • Default to "no bid" unless it’s a strong fit.

  • Cold RFPs rarely convert.

  • Terry’s Four RFP Types: Full and Fair, Not So Open, Fantasy Shoppers, Free Consultancy.

  • Use BLUF—answer clearly and early; focus your summary on requirements, price, and value.

  • Price often decides—be competitive.

  • Be honest; fake social value is just a hidden discount.

RFPs aren't going away—but with structure and realism, they can work for everyone.

  continue reading

33 episodes

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