Final answer:
Contractors considering an RFP should assess the company's decision-making timeline, communication methods post-selection, and requirements for the proposal's presentation. Negotiations can be used as an advantage if faced with multiple offers.
Step-by-step explanation:
When a contractor is deciding whether to respond to a Request for Proposal (RFP), several factors should be taken into consideration. One important aspect is understanding when the company plans to make their decision, as this will impact the contractor's timeline. It is also crucial to know how the company will contact you if your proposal is selected and whether there are any expected follow-up questions you might need to prepare for.
Another factor to consider is the medium and presentation of the proposal. Determine whether a written proposal is sufficient or if other forms of media such as charts, graphs, or videos should be included to enhance the proposal's effectiveness. It's also necessary to be aware of any specific requirements for the presentation of your proposal.
Finally, if presented with multiple offers, a contractor may feel indecisive or even guilty when choosing the best one. In such instances, it's useful to utilize the opportunity to negotiate salary or other contract terms to ensure the best possible outcome.