GPTStrategic, BidWrite partner to launch bidwritegpt

GPTStrategic, a product development studio specialising in generative AI solutions, has entered into a strategic partnership with BidWrite, an organisation known for its tender and proposal management services.

The collaboration has resulted in the launch of bidwritegpt, a platform that includes four AI agents designed to assist in the tender writing process with a higher degree of autonomy and capabilities compared to typical chatbots.

BidWrite, co-founded in 2008 by Nigel Dennis and David Lunn, has been leveraging various iterations of bidwritegpt and is now in discussions to help several publicly listed companies implement the platform. Dennis commented on the evolving dynamics within the industry, "The question isn’t whether Gen AI-based tools will transform industries but when and how."

Dennis and Lunn, both of whom have backgrounds in engineering, originally did not foresee AI making such an impact on the tender writing sector.

"I used to do repairs on jet aircraft and then go up in them with test pilots. Neither of us are Luddites. But even after ChatGPT’s release, we didn’t immediately realise what a game-changer it would be for industries like ours," Dennis noted.

A conversation with Andrew Gunnis, co-founder of GPTStrategic, marked a turning point for the BidWrite founders. Dennis described it as a "Kodak moment," recognising the necessity to adapt quickly to generative AI to remain competitive.

The bidwritegpt platform emerged from this partnership, and since its recent launch, it has garnered significant interest from major corporate players. Dennis elaborated, "Everyone in the industry has now realised what’s bearing down on them. Some other tender-writing businesses have sought to create Gen AI tools."

"More commonly, tech companies with minimal tender-writing domain expertise are creating solutions they hope will appeal to businesses that have previously used tender writers."

Dennis highlighted the distinct approach taken by BidWrite and GPTStrategic, “But we’ve chosen a path that combines the substantial bid-writing IP BidWrite has accrued with the tech smarts of the GPTStrategic geniuses. The market will soon determine the success or otherwise of our product. But Andrew and I are confident it’s one of the best solutions currently on the market.”

Gunnis emphasised the platform's impact on efficiency and productivity, “The bidwritegpt platform has already at least halved the time and effort BidWrite staff need to put into a bid. Even in the unlikely event the process isn’t further automated, BidWrite’s clients can now double the number of tenders they are involved in.” He also noted the financial implications, “Whilst BidWrite’s win rate is about 70%, the industry-standard average win rate for tenders is about 20 per cent. Even if a business remains at that average, it can expect to do double the work and generate double the revenue.”

Gunnis further explained the potential for increased success rates, “The same AI tools that allow for automation will almost certainly also facilitate the upping of a business’s win rate. Organisations that invest in the bidwritegpt platform can therefore look forward to a healthy return for a modest investment.”