A Bid Manager is an executive role within an organization, responsible for managing bids in response to Request for Proposals (RFPs) from customers. Bid Managers orchestrate the creation of the solution and proposal as ‘Bid Project Managers’ ensuring compliance with customer requirements and highlighting company value proposition. The role of a Bid Manager often work with company board directors, C-level management i.e CEO, CFO to bring and deliver strategic approaches to win bids.
Bid managers play an important role in business in many industries, where they are responsible for the proposal of bids to existing or prospective clients for projects. A bid manager will ensure the smooth running of the bid for a project within the correct time and financial parameters, and manage the relationship with the client. Bid managers may work in conjunction with a bid director, and often closely with specialists in the construction and built environment industry, to create and manage the bid for a project.
Bid managers' salaries differ across the construction industry depending on the company and, moreover, the specific project. According to a survey conducted in 2010 the average salary of a bid manager in the UK construction industry, including a bonus, is £90,250 per annum. Certain projects are more financially beneficial depending on the nature of the project or sector. For example, bid managers working on other projects earn an average salary of £97,500, whilst public sector projects make for a lower figure of £40,000. However, bonuses can be accumulated at a rate of at least 20%-60& of the salary. For example, a salary of £70,000 can be given and depending on performance, a 60% bonus will be given on top of the salary, bringing the total earnings to £110,000+.
Bid managers and their role in outsourcing
Bid managers play an important role in outsourcing, where they produce and manage bids for companies structured to take on outsourcing projects from government and industry. These bids run anywhere between three and 18 months (on average about six months), involve substantial bid budgets (as much as $5 million for very large bids over $100 million in value) and large teams of between 10 and 100 people. The bid manager ensures that all customer-specified milestones are met and all deliverables of the bid are produced as specified. A bid manager's performance is normally evaluated based on the percentage of contracts he or she wins. Bid managers typically work with teams collected together from line functions for the temporary duration of the bid project, and hence need to have strong leadership skills to manage bids successfully. Good bid managers are in strong demand in the outsourcing industry.