Why Use an Insurance Tender Manager?

The success of the tendering process relies on the expertise of the people handles and manages it. Contracting Insurance Tender Managers allows a company to access their market knowledge and experience for the whole tender process and relieves the company of the otherwise grueling paperwork, analysis and research and constant communication. Most of the problems that companies generally encounter can be avoided by using a tender manager. 

How it works: 
 

Determining Goals and Selection Criteria

An initial meeting occurs between the tender manager and the company to discuss expected outcome of the tender process based on the company’s needs and determine the key selection criteria.  A shortlist of relevant brokers based on the discussion is created. The Tender Manager’s knowledge of the market and the major players in the industry ensures that the shortlist is relevant and the most favorable.

Request for Tender Document (RFT) and Compiling Information Memorandum 

Using the outcomes discussed and agreed upon the tender manager will develop an RFT that will clearly outline the requirements This would ensure that the outcomes are achieved using the key selection criteria as a guideline. An Information Memorandum is compiled with all the information necessary to get necessary tender response including underwriting information and company profile. This reduces the amount of time spent further into the process responding to questions as well as ensuring that all parties have the means to put forward their best tender. 


Managing the Tender Process

The Tender Manager represents the company as a project manager. The main task is to ensure that everyone involved are provided with the same information and expectations that all timelines are met on both sides. Much of the correspondence is also handled by the Tender manager.

Analysis of Tender Responses 

All responses are then compared and analysed and filtered through to distinguish which ones are relevant to the company based on the key criteria. Probable presentations are also
screened and evaluated considering most presenters are sales people and not brokers themselves.

The Favorable Outcome

The client company is then presented with choices that are considered to be the best insurance policy the market has to offer based on the company’s needs and priorities. And outcome is delivered in a timely manner leaving the company to choose wisely.

About Insurance Tender

Is a team insurance consultants who have an in depth knowledge or both insurance market and personalities in Corporate Insurance booking. They aim to find the right combination of cost savings and insurance coverage for the purpose of reducing cost risk and uncertainty in your business.

Dealing With Tradies - A Bargain Is Good but It’s Better to Verify

 

Who can resist a good bargain? It’s the thrifter’s kryptonite.  But when it comes to hiring traders to do a service whether it’s plumbing, electrical or building decks at home, a trader on bargain is not always a good thing. If you skip the essentials like verifying facts, you wind up paying for more than when you do things right at the first time at regular rates.

Good Deals are even better with Credentials

The reason why licenses are required by Australian states is to ensure that you protect your interests. Licenses are given to tradies with proper insurance and experience and that translates to better and smooth service.  When someone offers a certain service at half the price, it’s usually to lure you on the savings you may get and away from the fact that the trader is not legitimate.

Beware of Scammers

Yes, there are wolves out there. And forget about the wolf in sheep’s clothing, it’s more like the wolf in your Grandmother’s clothes.  They will try to gain your trust so you will part with your hard earned money in their favor and leave without doing the job. Legitimate businessmen do not need to entice their clients incessantly.  Tradies with a good track record usually build their client base through recommendations - lack thereof means they are not trustworthy.

A Business with No Sign Is a Sign of No Business

There was a time when advertisement starts and ends with a wooden sign right above the front door of business, nowadays, that sign has expanded to websites complete with profiles and contact numbers.  Tradies who advertise their business or trading profile along with their phone number and office address is an indication that they are willing to accommodate you anytime whether you seek service or complain.

Business Checker Verified Businesses

The Australian Securities and Investment Commission (ASIC) website provides Australians with a list of registered business names.  Finding the business name of the trader you have in mind in the National Names Index is a good start.  What the list does not give you is if they have insurance, proper trade licenses and if the contact number and addresses are correct.  If you are looking for a legitimate trader with proper qualifications, check out the Business Checker list of business with good or high rating. 

BusinessChecker is an independent business credential checking service that rates businesses based on their qualifications.