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Begin at the End

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Lesson:

Begin at the End

Course: RFP Process for HR
Module: Establish an RFP schedule
Lesson Type: Video
Lesson Duration: 2:26

Lesson Content

Scheduling the RFP along with considerations of time availability is very important for achieving success. Instead of looking at the Start, I suggest looking backwards when preparing a schedule.

Ask when the contract for your existing provider, if you currently have one, is ending. That should be your starting point to work backwards. You can then evaluate how much time it may take to transition or implement a new vendor to replace an existing one. Write down how many days or weeks are necessary.

Next, you need to block out time to conduct an RFP and to prepare for an RFP. I always suggest adding in a little extra time for safety. Once you have done that, I suggest building an actual time line.

Let’s go over an example.

Let’s say you have a benefit provider renewal that you are putting out to bid. You know that your open enrollment period is every June and the new program year starts July 1.

You have determined it will take 4 weeks to conduct an RFP and at least 3 weeks to coordinate communication to potential providers and time for all activities leading up to the actual meetings. You then may decide to add in 1 extra week to deal with a multitude of challenges that may come up during the process. Finally, you add 4 weeks for the RFP planning process.

Here’s a breakdown of the dates. July 1^st starts the new benefit plan year. Going back 4 weeks to June 1^st starts the open enrollment period. You’d work with your team to schedule the RFP vendor meetings and make a decision starting May 1^st. You’d send RFP communications to potential vendors starting April 1^st and begin the actual RFP process on March 1^st.

This example is a pretty typical timeline, but it may be much longer or shorter depending on your project.

Instructor:

Mark Fogel

Mark S. Fogel, SHRM-SCP, SPHR, GPHR, is an educator working as a Senior Adjunct Professor of distinction at Adelphi University’s Business School. Mark leads HR classes for MBA and Undergrad...

Mark's Full Bio

Module 1 0/4

Understanding an RFP

Introduction

What is an RFP & Common RFPs for HR

Who is Involved in the RFP Process

Preparing for an RFP

Module 2 0/3

Identify the Purpose for Conducting the Specific RFP

Understanding Contract Lengths & Renewal Terms

Setting the Scope & Requirments

Achieving Consensus on the RFP Parameters

Module 3 0/2

Roles & Responsibilities

RACI

Module 4 0/4

Conducting a Needs Analysis

What is Important & What's Not Important?

Marketplace Trends & Considerations

Impact on the Organization

Key Measurements & Metrics

Module 5 0/3

Establish an RFP schedule

Begin at the End

Participant & Business Scheduling Considerations

Service Provider Transition Timing

Module 6 0/4

Assemble & Assess Vendors

Purchasing Department Requirements

Who & How many Vendors to Invite

Providing Information to the Vendors

Reference Checks

Module 7 0/5

Evaluating Proposals

Establish Quality & Criticality Factors

Develop a Rubric to Capture Key Capabilities

Select an Evaluation Team

Make a Selection

Complete the Process

Module 8 0/4

Post RFP Actions

Notify Winner & all Participants

Transitioning, Contracts & Miscellaneous

Conclusion

Quiz

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