Part 1 of this series described five critical components for creating a winning proposal. In some instances, these components are all a prospective client needs to make a determination and award the job. Be sure to carefully review the request for proposal to determine the amount of information you need to include in your proposal. Remember, each proposal is unique.

Here are five more tips to keep in mind when preparing a winning proposal.

Tip #6 Properly Estimate Job Costs

Selecting the right price for the proposed work is a delicate balancing act. Pricing the job too low could cause you to lose money on the job. Also, a bid thats too low might be perceived by the client as unrealistic and cause you to lose the bid. Take time to properly consider the amount of time and materials involved in completing the tasks you have outlined and price the job accordingly.

Tip #7 Add Meat as Necessary

Proposal requirements vary greatly. If youre putting together a proposal for a major corporation or a government job, youll probably need extensive documentation. Examples of additional information that might be required include sub-contractor agreements, non-disclosure forms, contingency plans, change order procedures, risk analysis data, benchmark results and more. If the request for proposal asks for it, be sure you include it.

Tip #8 Dont Reveal Too Much!

When submitting your proposed solution to the prospective clients problem, you must not reveal too much information. You need to satisfactorily explain your approach while at the same time keeping some information to yourself. Sound confusing? How about this: If you tell the client exactly how to solve the problem, the client might decide to implement your solution without your assistance! Youll lose out on the bid, not because your approach was inadequate, but because you explained it so well the client did not need an outside company to implement it.

Tip #9 Proper Presentation

Once youve gathered all the important components for your proposal, take time to ensure it is properly presented. Put together a Table of Contents and check that all copies of all documents are proofread, smudge-free and in the correct order. Finally, insert the proposal into a suitable binder. Give the finished document a final review; its your last chance to correct any mistakes. Submit the proposal according to the instructions provided and make sure it is delivered before the submission deadline. If possible, deliver the proposal in person. You never know who youll encounter on the receiving end!

Tip #10 Investigate the Winning Bid

If your company is not awarded the bid, try to learn more about the company that did submit the winning proposal. Put on your investigator hat. Find out the price submitted with the winning bid and the approach that was proposed. Research the company itself. Use whatever you discover as a learning tool for the next time. The information just might help your company put together the next winning proposal.

And there you have it ten tips for submitting a winning proposal. Good Luck!