Steps to Take After Winning a Contract

Sep 3, 2024

Winning a Contract: Steps to Take After Success

Notification of Winning

  • Notification can come via phone call or email.
  • Example: A call to process payment or registration in IPP (Invoice Processing Platform).

Reviewing the Contract

  • Compare the contract with your submission.
  • Check for consistency in pricing, dates, and quantities.
    • Example: Ensure that quantities like 80 tons are consistent.
  • Assess if you can fulfill the contract terms.
  • Avoid unnecessary legal review; focus on ensuring terms match submissions.

If You Can't Fulfill the Contract

  • Do not sign if fulfillment seems unfeasible.
  • Communicate with the agency to be removed from consideration.
  • Withdrawing is not detrimental; agencies may re-invite you to bid.

Importance of Communication

  • Key to success: Over-communicate and manage projects well.
  • Ensure all parties are informed about roles and responsibilities.

Signing the Contract

  • Electronic or physical signing options.
  • Understand payment processes (various systems like IP, faxes for GPO, DOD systems).

Kickoff Calls

  • Internal Call: Inform involved vendors or service providers.
    • Reaffirm partnerships and share contact details.
  • External Call: Arrange with the client within a week.
    • Discuss roles, responsibilities, and contact details.
    • Review invoicing procedures and protocols.

Managing Expectations

  • Identify and discuss any uncommunicated expectations.
  • Use agendas for clarity in meetings.

Executing the Contract

  • Ensure quality control and that deliverables are signed off.
  • Understand client-specific reporting and billing cycles.
    • Identify if reports are needed (weekly, monthly, or none).

Delivering the Service/Product

  • Ensure the client 'uses the thing' for financial flow.
  • For long-term projects, establish a rhythm for reports and payments.

Conclusion

  • Delivering on promises is more challenging than winning the contract.
  • Resources available at winnerswaybook.com and proposalwins.com.
  • Encouragement to put in effort and believe in possibilities.