It is important to track your bid after it has been submitted. Once the agency has collected all the bids they begin evaluating each one and will ultimately decide on one particular business for which to award the contract.

Sometimes the government may want to do a pre-award survey. This means you must be able to present to them that your company is able to successfully accomplish everything you've submitted in your proposal.

Once the award is finally made, the name of the successful bidder and the contract price become public information. This information can be critical to your company whether you win the bid or not.

After the bid is awarded the winning bid is opened and information is recorded onto what is called the "bid abstract" Information supplied in the bid abstract can include items such as; the winning company, the winning price, and any other information the bidding officer deems important. You should document this information as it could prove to be vital information in the future.