An enterprise will normally have an internal approval process to be completed before the bid is submitted to the client. This is to ensure that their own management is aware of any business risk and the commitments they are making, should they be awarded the tendered work.
The degree of complexity of this process will vary from enterprise to enterprise, but it is something that will take place whilst the tender submission is being prepared and is likely to involve some of the persons working on the response material.
It is important to have visibility of this parallel process and an understanding of where there is an intersection with people and their work on the tender, so that it can be built into the time plan.
Regardless of the actual mechanism, any approval process will likely require the tender team to prepare a summary of the opportunity for management to review. This will contain a number of key elements, such as:
The information will need to be reviewed by the relevant management, with participants determined by the scope of the services being provided and the value of the tender.
The overall time required for approval is a compilation of a number of different elements, such as:
*A key factor in the process is whether all of the relevant management are engaged at the same time, or whether approval is a step-by-step process, moving through the management structure in successive levels.
In general, the size and complexity of the tender is likely to affect the number of people involved and the time that the process will take, so that needs to be understood to allow sufficient time in the overall tender preparation plan.