If you identify gaps in your ability to meet the requirements, you could also consider partnering with another business through a consortium, Joint Venture or through a contracting arrangement.

Applying a partnership approach can help you share the risk of taking on a new contract, but can also improve your chances that your bid will be successful.

In advance of tenders being released, we recommend you take the time to consider the best partnership arrangement for your business and then ensure an appropriate legal arrangement can be established to cover who the contracting entity will be, as well as managing liability and insurance requirements.

If you are interested in taking a Joint Venture approach, it is worth considering the lead time associated with a formal joint venture arrangement, as it may not be able to be completed within the four week tender period.