Top 4 Criteria to Check BEFORE You Decide to Bid for a Homecare or Supported Living Tender
There are many opportunities for homecare and supported living providers to grow right now. Tenders are being released daily but some will be more suitable than others. Here are a few grounds for exclusion to watch out for, before you decide to bid.
1) CQC ratings: Increasingly we are seeing requirements for bidders to have a minimum overall CQC rating of ‘Good’. We have also seen stipulations for ‘Well Led’ and ‘Effective’ to also be rated ‘Good’.
2) Minimum turnover: Lead or prime provider contracts will usually require bidders to meet minimum annual turnover thresholds. One current tender requires bidders to turnover £8m. This clearly excludes new providers & micro businesses from competing.
3) Financial risk: Credit risk scores and calculations are being used to exclude bidders who may pose too high a risk of failure.
4) Location: Some tenders require bidders to already have a CQC registered office within a certain radius of a city, borough or county boundary. Others will only require this to be in place following contract award.
Take notice of all exclusion criteria when deciding whether to bid or a homecare or supported living tender. Maximise your success by bidding wisely.
Need help to bid for a homecare or supported living tender? Contact BFT Consult today!
Interested in current homecare or supported living tenders? View live social care tender opportunities here.