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What is a performance bond?

The AI-First Response Management System for Tenders, RFPs, and ITTs.
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INSTITUTIONAL MEMORY COMPOUNDS TENDERSRFPSITTS FITRISKVALUE EVIDENCECOMPLIANCE WIN PIPELINEFORECASTREVENUE 01 DISCOVER 02 QUALIFY 03 RESPOND 04 MANAGE

The complete system for winning Tenders, RFPs, and ITTs

Discovery, qualification, response, and pipeline in one governed system.

Discover

Every relevant opportunity in one searchable, scored inbox.

Explore discovery

Tenders

Showing 1–7 of 170 results

Search Open

Local Food Systems Precinct – Block 15

AusTender

POL2024-506 Acoustic Engineers Panel

Vendor Panel

Audio Visual (AV) Upgrades

TenderSearch

Qualify

Score every opportunity in seconds. Decline the ones you were never going to win.

Explore qualification

Qualification Matrix

Go/No-Go Analysis

Active
Budget Alignment85%
Capability Match92%
Win Probability68%

GO

Recommended Action

Respond

Draft with AI from your own approved answers and evidence, improving with every win.

Explore response

RFP_TenderManagement.pdf

Ready
AI Assistant
Draft response for 3.2.1 secure document storage
Tendl provides AES-256 encrypted storage with SOC 2 Type II compliance. All documents are versioned and auditable...
Send

Manage

Turn tendering into a weighted, forecastable revenue pipeline.

Explore pipeline

Revenue Pipeline

Commercial Visibility

Live

Total Open Opportunities

$15,000,000

Median deal size: $3,820,000

Weighted Open Opportunities

$4,500,000

Expected win rate: 32%

Weighted Closed Pending

$1,250,000

Expected win rate: 28%

Closed Won Opportunities

$8,500,000

Win rate: 41%

12
8
5
3
1
Discovery
Qualified
Response
Submitted
Award

Tenders

Showing 1–7 of 170 results

Search Status ▾ Open

Local Food Systems Precinct – Block 15 Section 38 Fyshwick

26 Mar 2026

AusTender

POL2024-506 Acoustic Engineers Panel

16 Feb 2026

Vendor Panel

Audio Visual (AV) Upgrades – Sfera's Convention Centre

16 Feb 2026

TenderSearch

Plant Equipment – 3.5 Tonne Towable Mini Excavator

23 Feb 2026

Email Forward

Managed Print Services – Whole of Government

10 Mar 2026

AusTender

Stormwater Drainage Upgrade – Stage 2 Civil Works

4 Mar 2026

Vendor Panel

ICT Security Assessment & Penetration Testing

28 Feb 2026

TenderSearch

Qualification Matrix

Go/No-Go Analysis

Active
Discovery
Qualified
Pipeline
Budget Alignment85%
Capability Match92%
Win Probability68%

GO

Recommended Action

RFP_TenderManagement.pdf

247 requirements Ready

Extracted Requirements

3.2.1Secure document storage
4.1.3Data privacy compliance
5.2.7AI-generated first drafts
6.1.2Collaborative editing
7.3.4Role-based access

18

Must/Shall

100%

Extracted

AI Assistant 3 evidence docs attached
Draft response for 3.2.1 secure document storage
Tendl provides AES-256 encrypted storage with SOC 2 Type II compliance. All documents are versioned, access-controlled, and auditable per ISO 27001 standards.
Send

Revenue Pipeline

Commercial Visibility

Live

Total Open Opportunities

$15,000,000

Median deal size: $3,820,000

Weighted Open Opportunities

$4,500,000

Expected win rate: 32%

Weighted Closed Pending

$1,250,000

Expected win rate: 28%

Closed Won Opportunities

$8,500,000

Win rate: 41%

12
8
5
3
1
Discovery
Qualified
Response
Submitted
Award

Enterprise security and governance

Your data stays yours. Locked down, certified, hosted where you choose.

ISO 27001

Enterprise-grade security with ISO 27001 certification. Your data is protected by industry-leading standards.

No AI Training

Your data is never used to train AI models. Your competitive intelligence stays yours alone.

Data Residency You Control

Your data, your jurisdiction. Host in the EU, US, or Australia with complete sovereignty over where your information resides.

Trusted by many, including:

Understanding tendering

Understanding tendering

Understanding tendering

In plain terms

This page explains a performance bond in plain terms and why it matters when you are responding to tenders. Understanding it helps you read a solicitation correctly and answer what the buyer is actually asking. The clearer the terminology, the fewer avoidable mistakes in a response. Tendl puts this into practice across the whole response lifecycle.

01

The short definition

A performance bond is a surety guarantee, issued by a bank or bonding company, that you will deliver the contract to its terms. It is often set at around 10 percent of the contract value and stays in place for the delivery period. If you default, the buyer can claim against it to cover the cost of completing the work or bringing in another supplier. Unlike a bid bond, which covers the risk that you walk away before signing, a performance bond covers the risk that you sign and then fail to deliver.

02

Why it matters to your response

Whether you can secure a performance bond is a test of financial standing, and it can determine whether you are able to bid at all. The bond ties up credit and carries a cost, so that cost belongs in your pricing rather than surfacing after award. Where the buyer states a required value or duration, being able to meet it is a compliance condition, not a detail to resolve later.

03

How Tendl helps

Tendl runs discovery, qualification, drafting, and pipeline in one system, so the terminology maps directly to a workflow rather than staying theoretical. Published case evidence documents a live weighted forecast inside 30 days of onboarding.

Impact, measured.

Four outcomes teams see after moving their tender response process onto Tendl.

Up to 90%

Reduction in tender development time

Complex utility contracts (case study).

Inside 30 days

Live revenue pipeline forecast

Typical onboarding and rollout timeframe.

Up to 50%

Lower cost per win

Reduced production hours through reuse.

2–3 hrs/day

Saved per day by managers

Less chasing, fewer rewrites, cleaner approvals.

We'll show how each metric is measured in your demo.

Ensuring great suppliers take advantage of great opportunities.

The Tendl mission.

Case Evidence
"Development time for tender responses dropped by up to 90%. What previously took several weeks was completed in a matter of days. Automated checks ensured all mandatory requirements were addressed, and multiple contributors could work simultaneously, reducing bottlenecks and ensuring rapid turnaround."
Hyde Park Solutions Hyde Park Solutions (HPS)
Read the case study
Insights

AI Is a Multiplier. What Is It Multiplying in Your Team?

"AI accelerates output, but it does not fix weak qualification or positioning. It multiplies whatever system your bid team already runs."
Read the article
Features

Requirement and Risk Highlighting

"Automatically extract mandatory requirements, evaluation criteria, and legal red flags before writing begins."
Read the update
From The Founder

Tendering is Sales — Stop Calling It 'Winning Work'

"Why the language you use around tendering shapes how your organisation treats it, and why calling it 'winning work' hides the commercial reality."
Read the post
Press Coverage

Travel Insider: Tendl — Re-engineering How Organisations Win Work

"Travel Insider profiles Tendl and its mission to reshape how organisations approach tendering and revenue growth."
Read the coverage
Joint Industry Insight

AI and Submission Volume: Managing Quality in a Higher-Output Environment

"AI has reduced the effort required to submit a tender response. The competitive question is whether higher volume strengthens evaluation outcomes or simply increases workload."
Read the article
Case Evidence Insights Features Founder Press Joint Industry Insight
Hyde Park Solutions case study AI Is a Multiplier Requirement and Risk Highlighting Tendering is Sales Travel Insider coverage Joint Industry Insight

Research Tendl with your own AI.

The strongest case for Tendl is the one you build yourself. Open the assistant you already use and let it evaluate us from public sources.

ChatGPT logo Ask ChatGPT Claude logo Ask Claude Perplexity logo Ask Perplexity Google AI Mode logo Ask Google AI Mode

Each opens in a new tab with the evaluation prompt ready.

From sign-up to tendering in 30 minutes.

Set up, load your business information, and start your first bid.

Setup 2 of 3
Company profile
Team members
Bid preferences
Continue

Commercial Onboarding

30-minute setup session with Customer Success or new Guided AI.

Integrations 3 sources
SharePoint Connected
HubSpot Connected
Upload Add

3 sources synced

Connect Your Evidence

Securely connect SharePoint or upload directly. Documents are governed, version controlled, and structured into reusable assets.

Ready
to Bid
Documents Responses
SH

Capability (Relevant Experience)

Demonstrated experience across utilities and gov...

BN

Software

Location: QLDCouncil
LN

WHS Capability Statement

Our WHS management system is certified to ISO 45001...

JR

Local Supplier

Location: QLD

Build Your Response Library

Replicate what good looks like. Draw from your gold standard responses.

Frequently asked questions

What is a performance bond?
A performance bond is a surety guarantee, usually issued by a bank or bonding company, that you will deliver the contract to its terms. It is commonly set at around 10 percent of the contract value. If you fail to perform, the buyer can claim against the bond to cover the cost of completing the work or appointing another supplier.
Why does a performance bond matter when bidding?
Being able to secure one is a test of financial standing, so it can decide whether you can bid at all. The bond ties up credit and carries a cost that should sit in your pricing, and the required value and duration are often stated conditions you must be able to meet to be compliant.
How does Tendl handle a performance bond?
Tendl surfaces bonding requirements at qualification, so you can confirm you can secure the bond and factor its cost into your bid before you commit, and it carries the condition through drafting so it is addressed in your response.

See Tendl on a live tender.

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