1. Sales
  2. Tender Management

Time to Bid Preparation


Reflects the average time taken from receiving an RFP to submitting a completed bid, an efficiency indicator of the bid preparation process.


(Average Time from RFP Receipt to Bid Submission)


If 3 bids take 30, 40, and 50 hours for preparation, the average time to bid preparation is (30+40+50)/3 = 40 hours.