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.