Our Bid Analyst job description includes the responsibilities, duties, skills, education, qualifications, and experience.
About the Bid Analyst role
A Bid Analyst is responsible for developing and managing competitive bid proposals and contracts for a company or organization. They analyze customer requirements, prepare cost estimates and price quotes, and coordinate with internal departments to ensure that bids are accurately presented and that deadlines are met. They also analyze data to determine the best bid strategies and negotiate with vendors to obtain the best pricing and terms.
Role Purpose
The purpose of a Bid Analyst is to review and assess potential business opportunities in order to determine the best way to meet the needs of the company. The Bid Analyst will analyze proposals, evaluate competitive bids, and negotiate terms with vendors. The Bid Analyst will also ensure that the terms and conditions of contracts are in compliance with the company's policies and procedures. Additionally, the Bid Analyst will track and monitor contracts and report to management on the progress of ongoing projects.
Bid Analyst Summary
The Bid Analyst is responsible for researching, analyzing, and preparing bids for company products and services. They will conduct market research, develop strategies to maximize bid success, and collaborate with other departments to ensure bids meet customer requirements. The analyst will work with the Sales and Marketing teams to ensure bids are competitive, current, and compliant with customer requirements. They will also offer guidance and advice on bid strategy and customer relations. The ideal candidate must have excellent analytical skills, an eye for detail, and the ability to work in a fast-paced environment.
Bid Analyst Duties
- Analyze bids received from potential vendors
- Prepare bid summaries and pricing comparisons
- Research new vendors and obtain quotes
- Ensure bids meet legal and contractual requirements
- Provide ongoing support during procurement process
Bid Analyst Skills
- Data Analysis
- Research
- Financial Modeling
- Project Management
- Strategic Thinking
Bid Analyst Requirements
- A Bachelor's degree in finance, accounting, or business analytics
- Strong analytical and problem-solving skills
- Excellent organizational and communication skills
- Proficiency in MS Office (Word, Excel, PowerPoint)
Personal Traits
- Analytical Thinking
- Attention to Detail
- Organizational Skills
- Research Skills