Bid Cost Calculator
Estimate the real cost of bidding on a public tender — from preparation time to guarantees and compliance.
Tender Details
Cost Breakdown
Performance Guarantee (if you win)
If awarded, you'll need a performance guarantee of approximately €25,000
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Bid Cost FAQ
What costs are involved in bidding on a public tender?
Typical costs include staff time for bid preparation, bid guarantee (1-2% of tender value), document preparation (certificates, translations, notarizations), legal review, and travel for site visits.
What is a bid guarantee?
A bid guarantee (or tender security) is a financial commitment, usually 1-2% of the estimated contract value, that ensures bidders don't withdraw after submission. It's typically a bank guarantee or insurance bond.
How can I reduce bidding costs?
Using AI-powered tools like Tendersight can reduce preparation time by up to 70%. Reusing previous bid documents, maintaining up-to-date company profiles, and using ESPD auto-fill features also help significantly.
What is a performance guarantee?
A performance guarantee (5-10% of contract value) is required after winning. It ensures contract fulfillment and is typically released after successful delivery.
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