Get the free Revised offer Discount Bid job 18,19,20 - bcclweb

BHARAT COKING COAL LIMITED (A Subsidiary of Coal India Ltd.) Office of the General Manager, Eastern Sharia Area, P.O. Howrah, Dist. Dhanbad. Ref. No. ECCL/ERA/F NDB (Transport coal)/1213 /4808 Date20.10.2012

How to fill out revised offer discount bid

How to fill out a revised offer discount bid:

1. Start by carefully reviewing the original bid: Take a look at the initial bid you submitted and identify any areas where adjustments can be made to offer a discount. This could include reducing prices, revising quantities, or modifying terms and conditions.
2. Identify the reasons for the revision: Determine why you are offering a discount in the first place. Are you trying to win the contract, maintain a competitive edge, or secure a long-term partnership? Understanding the purpose behind the discount will help guide your revisions.
3. Assess the profit margins: Before finalizing the revised bid, evaluate the impact of the discount on your profit margins. Ensure that the revised offer still makes financial sense for your business.
4. Conduct market research: Analyze the current market conditions and your competition to determine an appropriate discount percentage. It should be attractive enough to entice the buyer but should not jeopardize your profitability.
5. Consult with stakeholders: If necessary, consult with relevant stakeholders, such as your sales team, managers, or finance department, to get their input and gain a holistic perspective on the revised offer.
6. Prepare a revised offer document: Once the revisions have been finalized, prepare a comprehensive offer document that clearly outlines the revised terms, pricing, and conditions. Make sure to highlight the discount being offered.
7. Tailor the offer to the recipient: Customize the revised offer to meet the specific needs of the recipient. Consider any unique requirements or preferences they may have expressed during the negotiation process.

Who needs a revised offer discount bid?

1. Businesses looking to secure new contracts: If you are bidding for a project or responding to a request for proposal (RFP), offering a revised offer discount bid may increase your chances of winning the contract. Buyers often appreciate cost savings and may favor companies that provide competitive pricing.
2. Companies seeking to retain existing clients: If you have an established business relationship with a client and they are considering switching to a competitor or renegotiating the terms of the contract, a revised offer discount bid can help incentivize them to continue working with your company.
3. Organizations aiming to build long-term partnerships: Sometimes, offering a discount can be a strategic move aimed at establishing a long-term partnership with a client. By providing cost savings initially, you may be able to secure a mutually beneficial relationship that can lead to repeat business and increased revenue in the future.

Remember, each business and situation is unique, so carefully evaluate whether a revised offer discount bid is appropriate for your specific circumstances.

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What is revised offer discount bid?

Revised offer discount bid refers to a new proposal with a discounted price offered by a vendor to a buyer.

Who is required to file revised offer discount bid?

Vendors or suppliers who want to provide a better price offer to the buyer are required to file revised offer discount bid.

How to fill out revised offer discount bid?

To fill out a revised offer discount bid, vendors must include the new discounted price, justification for the discount, and any other relevant information requested by the buyer.

What is the purpose of revised offer discount bid?

The purpose of a revised offer discount bid is to provide the buyer with a more competitive price offer, potentially increasing the chance of being selected for the contract or project.

What information must be reported on revised offer discount bid?

Revised offer discount bid must include the new discounted price, reasons for the discount, and any other details requested by the buyer.