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The increase in offshore outsourcing has led many B2B marketplaces and e-bidding platforms to flourish on the internet. E-bidding websites are great platforms for businesses and freelancers to connect with compatible partners and follow profitable business opportunities.

An e-bidding platform lets you post your projects on the platform stating your requirements and request for bids. Service providers and freelancers can then bid on the project, and you can select the most compatible bid.

E-bidding platforms are easy to use and make sourcing freelancers and service providers significantly more efficient than other traditional sourcing means. However, in order to attract the right bids and biddersfor your project, you need to know how to post an optimal project.

How to Post a Project?
Posting a project is just the starting step of hiring the right service provider for your business. First, analyze your requirements carefully and understand the whole process of the project thoroughly. Based on this analysis, settle on a realistic set of expectations about your project, before you go ahead with the posting.

A project posting is only successful when it attracts your targeted freelancers and contains enough details to enable them to make an informed bid. Accordingly, make sure your posting communicates all the details of the project clearly and effectively. Here are some key points that you need to include:

Introduction – Provide a brief snippet about your company or business and your industry and market. You need to include enough information so that the readers know ‘who’ is posting the project.

Job Type – Set out the basic skill set that is required in order to carry out the tasks that you want to outsource. Remember to be specific!

Job Specifications – Provide details about the job that includes the roles and responsibilities of the potential service provider. The purpose here is to give bidders a clear idea about what the work involves so that they can make an informed bid. Remember – the better the bids submitted, the more useful they are to you!

Time Constraints – Post your expected time-frame for project completion. Try to keep your time-frame reasonable so that you receive quality services. If you expect service providers to get you results overnight, be ready to compromise on the quality.

Estimated Budget – Quote a tentative price that you are willing to pay for the project posted. While settling on this figure, take into account the skill set and expertise that you are seeking as well as the time and labor involved. It is advisable to mention a range so that you attract relevant bidders. Avoid quoting ridiculously low prices as this will simply invite poor quality bids from sub-standard service providers or no bids at all. What you might think to be huge cost savings would turn out to be a loss (in terms of project quality) at the end of the day.

Bid Period – Specify the bid period ( i.e. the period of time from when your project is posted until the bid period expires). It is important to have a reasonable open time for the bidding in order to accumulate a sufficient number of qualifying bids.

Other Details – Apart from the aforementioned points, also include details like Terms & Conditions, Confidentiality Agreements, Special Requests etc.

A comprehensive posting about a project will inform potential bidders about all the details of the project, and minimize repetitive questions from bidders. Also, a good project posting will help minimize any future disputes about the project and help create a professional reputation for your business. . Moreover, a well-detailed project posting attracts of the right type of qualifying bids.

Disclaimer :  Sabra Easterday is the owner and founder of MatchB2B.  Sabra is also a lawyer with a special interest in business issues and e-marketplaces.  Notwithstanding that Sabra Easterday is a lawyer, nothing in this article and no services of MatchB2B or its website are legal services and no attorney-client relationship exists between any reader of this article or user, customer or potential customer of MatchB2B, and MatchB2B, its website or Sabra Easterday.

Sabra Easterday is the founder and managing member of MatchB2B, a reouted B2B marketplace that has companies and organizations from around the world regitered on it. Businesses can hire online services for their requirements and at the same time also plce bids for the various projects that are posted there.